Mystery at Man Group: Source claims group's operations not being investigated ... but where is China chief Li Yifei?
Company's China chief Li Yifei was merely asked to assist in an investigation not related to the hedge fund, according to insider
Four days after Li Yifei, country chairwoman of Man Group in China, disappeared from the public scene, an insider at the world's largest publicly traded hedge fund has come out to say there is no probe against Man Investments' operations on the mainland.
Li's whereabouts remain unclear. Her husband, Wang Chaoyong, earlier said Li was called to a special meeting with "relevant industry authorities".
He denied a Bloomberg report that claimed police took her away for questioning over the mainland's recent market turmoil. Wang could not be contacted yesterday.
The Man Group source, speaking on condition of anonymity, said : "Li did not disappear. She is around. The lady has been invited to help an investigation related to another party - not Man".
Li was understood to be in Beijing. "There is no investigation of Man," the source stressed.
Officially, the company sticks to a flat "no comment" to all questions related to Li.
But the source said the company was holding internal discussions and "may consider announcing a clarification to the public" after the meetings.
