The China head of hedge fund manager Man Group said on Monday that she had not been taken into custody by Chinese authorities, denying media reports that said she had been assisting a police investigation into market volatility.
Reuters reports that Bloomberg reported last week that Li Yifei had been taken into custody to help with inquiries, sending shares in Man Group lower and unnerving China’s foreign investment community.
However Li told Reuters that she had been attending industry meetings and had then taken a 5-6 day trip to meditate.
‘I wasn’t investigated’, Li told the news agency by telephone, adding she was ‘shocked’ by the media reports.
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