UK-based Man Group is putting China on its radar as it looks to solidify its APAC regional presence.
UK-based Man Group is putting China on its radar as it looks to solidify its APAC regional presence. The first quarter of this financial year has seen the world’s largest listed hedge fund incur nearly USD 1 billion in net redemptions, but it believes tapping into China’s private investor base is the next growth phase. Man Group CEO, Peter Clarke (pictured), speaking at the firm’s recent AGM, said that the firm is currently looking to sign on state-run institutions as clients. Clarke said that if authorized to sell hedge-fund products to private investors, which could be possible within three years, he anticipated that Man Group would be regulated by China’s central bank.