Man Group looks to China for hedge fund sales expansion

July 10th, 2010
| More
On Thursday Man Group PLC CEO Peter Clarke reportedly stated that the hedge fund manager was looking to offer product to Chinese investors within the next few years. According to the Wall Street Journal, the firm has been lobbying for authorization, possibly through China’s central bank, following the firm’s successful dealings in Japan, South Korea and Taiwan and its opening in Hong Kong. Clarke anticipates receiving authorization in as soon as three years.

Man Group is also currently working on closing its acquisition of GLG Partners. Man Group’s shareholders will vote on the acquisition in mid to late August with an anticipated deal finalization by September.
For Detailed Investor Profiles on these Investors, click below:
Man Group plc
Related People: Emmanuel Roman; Jon Aisbitt
Related Entities: AHL; BlueCrest Capital Management; GLG Partners; Man Global Strategies; Man Investments
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions

More Recent Headlines

Round Rock’s Tan Maruyama aims to raise $100 Million

Michael Lau to spin-off Candlewood Investment Group from Credit Suisse

Top hedge fund firm launches of 2010 YTD raise over $700 million

John Ho’s Janchor Pan Asian hedge fund raises $100 Million

Galena outperforms BlueGold, Clive Capital and Touradji Capital

Fred Drasner and Marc Lasry’s Avenue Capital place top offers in Newsweek bidding war

Shareholder Activist Update: Spotlight Advisors and Clinton Group

Brevan Howard's Alan Howard avoids UK taxes, moves to Geneva

Corporate Governance Update: The Chairman and the CEO, a Story

Damodaran discusses the US financial overhaul