(Opalesque) Two Sigma China, the wholly-foreign owned enterprise (WFOE) of Two Sigma, recently received private fund management (PFM) license, said the Asset Management Association of China (AMAC). The New York-based hedge fund now has six months to launch an onshore product in China. “The PFM registration enables the company to develop and market onshore investment products for qualified investors in China,” said the hedge fund.
China approves Two Sigma as a private fund manager
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