Man Names Top Execs. For China Push

Nov 7 2011 | 12:18pm ET

The Man Group has boosted its Asia effort with plans to expand into China under an unusual hire.

Man, which lost US$6 billion in assets during the third quarter, hopes to make some of that shortfall up in mainland China. And it's named the former head of MTV China as its chair in the country.

Yifei Li also served as MTV parent Viacom's point person in China, where Man still requires regulatory licenses to open a planned trading office in Beijing. Pierre Lagrange, co-founder of GLG Partners, acquired by Man last year, said Man hopes to open the office in the Chinese capital in the near future.

"We take the view that China is going to be a very big part of growth for the world," Lagrange, who was named Man's Asia chairman, told the Financial Times. "It is a perfect time to expand there."

"We're already doing quite a lot of Asian investments, but further down the road we will have Asian-centric equity long/short funds and more resources on the ground," he added.

In addition to the appointments of Lagrange and Li, Man has also hired David Mercurio from Singapore's Government Investment Corp. as head of Asia equity.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note