Man Group’s China Chief Said to Assist Police in Probe
- China authorities have imposed trading limits amid rout
- Li was previously managing director of MTV Networks in China
This article is for subscribers only.
Chinese authorities took Li Yifei, chairwoman of hedge fund Man Group Plc’s China unit, into custody to assist with a police probe into market volatility, according to a person familiar with the matter.
Li assisting with the investigation doesn’t mean she is facing charges or did anything wrong. She has led the China business of Man Group, the world’s largest publicly traded hedge fund, since November 2011, according to her profile on LinkedIn. The person asked not to be identified because the probe isn’t public.