Citadel, Man Among First Foreign Hedge Funds To Win China License

Sep 13 2013 | 12:35pm ET

Citadel Investment Group, Man Group and Och-Ziff Asset Management will be among the first foreign hedge funds permitted to raise money in mainland China.

The three industry giants are among six hedge funds to win quotas as part of Shanghai's new qualified domestic limited partner program, allowing them to raise yuan, the 21st Century Business Herald reports. Each fund had been granted a US$50 million quota; the entire program will have a US$5 billion quota.

Also winning licenses are Canyon Partners, Oaktree Capital Management and Winton Capital Management.

QDLP will allow China's richest citizens to invest in foreign hedge funds for the first time.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of