Man Group launches first onshore investment strategy in China
Man Investment Shanghai, part of UK-headquartered Man Group, has launched its first onshore investment strategy for the private funds industry in China, to target market trends across a range of liquid markets in China.
The new investment strategy is systematic trend following in its approach, and aims to be uncorrelated with traditional portfolios.
Managed by Man AHL’s Shanghai-based investment professionals, the strategy seeks to identify and capture market trends across diverse liquid onshore markets, focusing initially on listed futures including agricultural commodities, industrial commodities, bonds, metals, energy and stock indices.
Man Investment Management (Shanghai) obtained its private fund management license from the Asset Management Association of China (AMAC) in September as reported by International Investment.
ICBC will act as custodian to the fund, with Guotai Junan Securities providing administration and brokerage services.
Man Group has $103.5bn in funds under management through its five investment management businesses, and opened its China office in 2012.
In 2013, the firm was 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 Qualified Domestic Limited Partnership (QDLP) scheme.