02 February 2015
Man Group’s fund has received investment from institutional investors, including ICBC and Citic Trust.
Yifei Li, Chairperson of Man Group China said, “We are very encouraged by the strong institutional interest in this QDLP Man Multi Strategy fund. We are making good progress and are confident that this success will lead to further growth of the program."
Pierre Lagrange, Chairman of Man Group Asia added, “We are delighted to be part of the Shanghai QDLP program, which demonstrates China’s continuing drive to open up cross-border investment opportunities. The response to our QDLP fund to date demonstrates a growing appetite from the Chinese institutional investment community for this type of opportunity."
“Man Group sees significant future opportunity in China and we are committed to growing in the region. We have built strong, long-term relationships with the institutional investment community and are working with local partners to develop new products."
The QDLP program allows qualified high net worth individuals and institutional investors in China to invest in hedge funds overseas. Man Group was one of six hedge funds initially selected by the Shanghai Financial Services Office to participate in the scheme.