Advertisement
UK markets closed

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • CRUDE OIL

    83.32
    +1.42 (+1.73%)
     

  • GOLD FUTURES

    2,336.20
    -10.20 (-0.43%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,122.02
    -432.00 (-0.81%)
     

  • CMC Crypto 200

    1,427.67
    +12.91 (+0.91%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

British investment firm Man Group launches China hedge fund

Reuters

SHANGHAI (Reuters) - British investment firm Man Group PLC said it has launched a hedge fund in China, becoming the first foreign firm to run a quantitative investment fund in the country.

The fund's strategy will be "systemic trend following", Man said in a statement without disclosing its size. It will be run by a wholly foreign-owned subsidiary in Shanghai, Man said.

The strategy will leverage Man's "quantitative investing expertise, combining this with our local investment capabilities to serve the needs of Chinese investors," Man Group's China chairman Li Yifei said in a statement dated Dec. 8.

The fund will initially invest in Chinese futures including agricultural commodities, industrial commodities, bonds, metals, energy and stock indices, Man said.

ADVERTISEMENT

In January, Fidelity International became the first global asset manager permitted to launch investment products in China through a wholly owned local subsidiary.

(Reporting by John Ruwitch; Editing by Christopher Cushing)