AHL, Citic to launch CTA fund in China

UK-based Man Group’s quantitative investment arm, AHL, will in November launch the first commodity trading adviser (CTA) fund through its Chinese partner, Citic Securities. Man will act as technical adviser to the strategy. Citic will take care of onshore execution and marketing for the fund, although Man does have an office in Shanghai, headed by Li Yifei. The initial size of the fund is capped at Rmb5 billion ($815 million). It is a segregated-account product with a minimum su…