Li Yifei, head of hedge fund Man Group’s China division, is retiring from the company after more than a decade, just as Man is expanding its presence in the country following recent market-opening measures.
In an email to employees, Man Group chief executive Luke Ellis and president Jonathan Sorrell thanked Ms Li for her “extraordinary contribution” to the growth of the China business.
London-based Man Group, which is known for its computer-driven funds, opened its first office in China in 2012. The company’s global assets under management have swelled to $114bn despite mixed performance and a flagging share price.
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