Man AHL, the quant investment arm of London-based hedge fund manager Man Group, has secured the green light for a qualified foreign institutional investor (QFII) licence in China.
With the move, the quant unit’s investment strategies outside of China will get more access to China’s domestic capital markets.
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This complements other access routes including Stock Connect and China Interbank Bond Market access.
Man AHL co-CEO Antoine Forterre said: “We feel this licence provides our strategies and clients with valuable additional diversification and alpha-generation opportunities, and further enables us to participate in China’s continued growth.”
Man Group has 15 international offices and managed $108.3bn at the end of June 2020.
In addition to Man AHL, it has four other investment engines namely Man Numeric, Man GLG, Man FRM, and Man GPM.
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By GlobalDataIn 2012, Man Group launched its first office in China.
A year later, it set up a Shanghai office and was among the first cohort of alternative investment managers to receive a quota to raise funds from qualified Chinese investors for overseas investment under the Shanghai Qualified Domestic Limited Partnership (QDLP) scheme.
The quant unit started advising onshore portfolios in 2014.
In 2017, Man Group received a private securities investment fund manager (PFM) licence in China from the Asset Management Association of China (AMAC).
The licence allowed the investment manager’s Shanghai subsidiary, Man Investment Management (Shanghai), to develop onshore products for institutional and HNW investors.
Soon after, Man Group launched its first onshore investment fund for Chinese investors.
The fund is focused on listed futures such as agricultural commodities, industrial commodities, bonds, metals, energy and stock indices.
