It will be the first commodity trading adviser strategy to be launched by Man Group's quantitative investment unit with Chinese partner Citic Securities.
Tag : citic securities
Permission to sell 51% should see China AMC comply with regulatory requirements on ownership. The firm is expected to rebound once its ban on new product launches is lifted.
Citic Securities IIM has launched a new fund for professional investors under Chapter 21 rules, the first such listing in six years. Clifford Chance expects more to follow in 2011.
The China fund will source money from local investors via a JV with CITIC Securities.