Hedge-fund managers have been hoping for some time now that China will start writing some big checks for their funds, but so far they've been kept waiting. That could change soon. China Investment Corp., the $200 billion sovereign-wealth fund, has discussed putting half a billion dollars or more into hedge funds through Blackstone Group's hedge-fund unit and through other managers. The talks could be a sign of more to come as deep-pocketed governments look to expand their investments in so-called alternative funds, which include private equity and real estate. Blackstone's $26 billion fund-of-hedge-funds business is one of the biggest around, with an investor base dominated by big institutions.
: China Ready to Place Bets on Hedge Funds