Fullerton, Man Group make plans with new China licences
Four foreign managers can now do business directly in China, with Fullerton looking to launch an equity fund and Man working on a quant strategy.
Fullerton Fund Management and Man Group were each granted private fund management (PFM) licences on Thursday, doubling the number of foreign fund managers now able to sell their branded private securities investment products directly to institutional and high-net-worth investors in China.
Singapore-headquartered Fullerton, the first Asia-based fund manager to get a PFM licence for its wholly foreign-owned enterprise (WFOE) in China, is looking to debut with an equity fund, Mark Li…
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