The firm manages the most number of L&I products in the SAR.
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The firm manages the most number of L&I products in the SAR.
Most of the recipients were fund management companies.
They are the Future Earth, Future Food, and Future Life strategies.
The firm manages at least 18 FMPs in the SAR.
The firm will be competing against several foreign quant managers that have entered China’s private market. It also intends to apply for a QDLP licence.
Just after it set up its private fund management business last year.
When approved, the firm will have four products distributed under the MRF scheme.
Separately, UBS Asset Management’s Shanghai-based WFOE also received approval to launch another onshore product.
On the fixed income side, the US asset manager continues to back high yield credit.
Part of the Mark Allen Group.