(Bloomberg) Man Group Plc’s Chief Executive Officer Luke Ellis, who oversees the world’s largest publicly traded hedge fund firm, said recent bond defaults in China show that regulators are trying to shift to a more “sensible” market model. “The Chinese government, as part of their process of a mixture of liberalizing and normalizing markets, is clearly trying to get the bond market in China to be a more normal market,” Ellis said in an interview with Bloomberg Television in Hong Kong. “There’s a step-wise process to get to a place where there is sensible default risk in bonds.”
Man Group CEO Says China Bond Defaults Will Normalize the Market
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