British Hedge Fund Man Group Attracts Investment into QDLP Fund
Man Group plc, a British hedge fund manager, is pleased to announce that it has turn into one of the first foreign entities to secure a significant investment into its Qualified Domestic Limited Partner "QDLP" fund.
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.
Source: Man Group
