May 1st, 2013, New York, USA - CICC Investment Management (USA), Inc. and PineBridge Investments LLC ("PineBridge") announced the launch of the first global fund of hedge funds ("Fund") on April 1 targeting qualified Chinese investors.  The launch of the global fund of hedge funds demonstrates the strategic decision of CICC Investment Management (USA)'s parent company, China International Capital Corporation Limited ("CICC"), to expand its investment management business globally. PineBridge and CICC Investment Management (USA) have both invested proprietary capital to seed the Fund and ensure alignment of interests with investors.  CICC Investment Management (USA) serves as the Fund's investment manager and PineBridge as its sub-advisor.  CICC Investment Management (USA) will leverage its resources in Beijing and New York.  The PineBridge Hedge Fund Solutions team is primarily based in New York, London and Hong Kong.

Talal Al Zain, Chief Executive of PineBridge Investments Middle East said: "This fund, available to qualified Chinese investors, is further proof of PineBridge's ability to meet investor demand for innovative and specialized alpha-orientated solutions across asset classes. Our integrated global investment platform allows for the easy flow of investment ideas and innovation between all our regional offices. Following the establishment of our MENA Headquarters earlier this year, PineBridge Investment Middle East is increasingly serving as a link between global investors." 

The Fund intends to invest in a diverse range of hedge funds globally across equity long/short, event driven, global macro/CTA, and relative value strategies. Potential managers of these hedge funds are expected to have outperformed HFRX, with proven track records and assets under management ranging from the hundreds of millions to billions of dollars.  The Fund aims to generate attractive risk adjusted returns with low volatility and low correlations with the broad markets.  Investors in the Fund will benefit from exposure to successful hedge funds globally through a diversified portfolio supported by CICC's direct market investment experience and PineBridge's 30-year history in hedge fund investing.

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About PineBridge Investments
PineBridge is an independent asset manager with over 60 years of experience in developed and emerging markets.  PineBridge manages USD71.7billion for institutional and individual investors worldwide as of 31 December 2012.  The investment platform offers innovative and specialized alpha-oriented solutions across asset allocation, equities, fixed income, private equity and hedge funds.  The differentiating factor is the integration of on-the-ground investment teams across asset classes, bringing investors the combined benefits of our global fundamental perspectives with insights from structured analysis. 

For additional information on PineBridge Investments, visit www.pinebridge.com.

About China International Capital Corporation Limited ("CICC")
China International Capital Corporation Limited ("CICC") was established in July 1995 as a strategic partnership among prestigious Chinese and international financial institutions and corporations. Being China's first joint venture investment bank, CICC is committed to providing investment banking, capital markets, institutional and individual securities sales and trading, fixed income, asset management, private equity, wealth management and market research services that meet international standards to both institutional and individual clients.

CICC has expanded from its headquarters in Beijing to strategic locations like Shanghai, and currently has sixteen securities brokerage branches in cities like Beijing, Shanghai and Shenzhen. In line with increasing business development, it is actively expanding overseas. Having set-up subsidiaries in Hong Kong, New York, Singapore and London, CICC has built a solid foundation on which to become an international investment bank.

Media Contacts:
Theo Hildebrand
RLM Finsbury
+97150 352 4286
theo.hildebrand@rlmfinsbury.com 

© Press Release 2013