29 September 2020
Man AHL, Man Group’s diversified quantitative investment engine, today announces that it has received approval for a qualified foreign institutional investor (“QFII”) license in China.
The QFII license will allow Man AHL’s investment strategies based outside of China to gain greater access to China’s domestic capital markets, complementing other existing access routes such as Stock Connect and China Interbank Bond Market access.
As part of its continued commitment to China, Man Group opened its first local office in 2012, and in 2013 opened an office in Shanghai, when it was also included within the first cohort of alternative investment managers to be granted a quota to raise funds from qualified Chinese investors for overseas investment under the Shanghai Qualified Domestic Limited Partnership (QDLP) scheme. Man AHL began to advise onshore portfolios in 2014, and subsequently launched its first private fund management investment strategy in China in 2017, which is systematic trend following in its approach and is managed by Man AHL’s Shanghai-based investment professionals.
Antoine Forterre, Co-CEO of Man AHL, said:
“We are excited to be one of the few systematic fund managers that has been granted a QFII license so far, and to thereby gain wider access to China’s highly developed and liquid onshore markets. We feel this license provides our strategies and clients with valuable additional diversification and alpha-generation opportunities, and further enables us to participate in China’s continued growth.”
Founded in 1987, Man AHL is one of the longest running systematic investment managers, trading over 750 markets and managing assets for institutional and private clients globally.