Amid widespread losses on its Canadian resource investments, China Investment Corp.'s main man in this country is departing the fund.
Felix Chee, who established CIC's presence in Canada, is leaving the firm, Bloomberg reported.
Investments in Teck Resources Corp. And Penn West Petroleum are among CIC's positions that are down significantly lately.
Those companies are likely to come back some day and thrive should resource prices rebound. The big question mark in CIC's Canadian portfolio is Sunshine Oilsands.
The stock has plunged amid concern that financing isn't available for its planned development.
Sunshine recently announced the sudden departure of its CEO.