Man AHL, Man Group’s diversified quantitative investment engine, has received approval for a qualified foreign institutional investor (QFII) license in China. The QFII license will allow Man AHL’s investment strategies based outside of China to gain greater access to the country’s domestic capital markets, complementing other existing access routes such as Stock Connect and China Interbank Bond Market.
Man Group opened its first office in China in 2012, and established an office in Shanghai in 2013, when it was also 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 Shanghai Qualified Domestic Limited Partnership (QDLP) scheme. Man AHL began to advise onshore portfolios in 2014, and subsequently launched its first private fund management investment strategy in China in 2017, which is managed by its Shanghai-based investment professionals.
Antoine Forterre, Co-CEO of Man AHL, comments: “We are excited to be one of the few systematic fund managers to have been granted a QFII license so far, and to thereby gain wider access to China’s highly developed and liquid onshore markets. We feel this license provides our strategies and clients with valuable additional diversification and alpha-generation opportunities, and further enables us to participate in China’s continued growth.”
Founded in 1987, Man AH trades in over 750 markets and manages assets for institutional and private clients globally.