HONG KONG : UK fund manager Man Group Plc sees ample opportunities to generate strong returns from investments in China and plans to expand its presence in the world's second-largest economy after the country eases its strict COVID-19 curbs, its CEO said.
"I think the alpha opportunities in China are very attractive," Ellis told Reuters on Thursday, referring to the potential to generate returns that are higher than market benchmark gains. Tiger Global Management has paused investing in Chinese equities, as it reassesses its exposure to the country after Xi cemented his grip on power, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
"With institutional clients, there's lots of opportunity," said Ellis, who took the helm at the hedge fund a decade ago, during which period its assets under management rose about 2.5 times to $138.4 billion by end-September.
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