Man Group China chief said assisting with probe

Dog Detective

Chinese authorities took Li Yifei, chairwoman of hedge fund Man Group’s China unit, into custody to assist with a police probe into market volatility, according to a person familiar with the matter.

Bloomberg News reports that 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.

Li’s mobile phone was turned off when called on Monday. Chaoyong Wang, Li’s husband, said in a telephone interview that she is in a meeting with 'relevant industry authorities' and he doesn’t know who they are. 

To access the complete Bloomberg News article hit the link below:

Man Group’s China Chief Said to Assist Police in Probe

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