Man Group, the world’s second- largest hedge fund manager, is positioning itself for an expansion into mainland China as part of a drive beyond its base in Europe and the Middle East.
The FTSE 100 listed group, which has suffered over the past quarter from a painful fall in assets under management, due in large part to the eurozone crisis, has hired Yifei Li, one of China’s leading businesswomen, as its “China chair” to oversee the push.
Ms Yifei is the former head of MTV in China and the chief representative in the country of its parent company, Viacom.
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