Man Group raises capital for China methane fund

PwC report shows huge potential growth for fund management in China, with groups expecting up to 20% growth

Man Group has closed a capital-raising round for a methane-capture and electricity-generation fund in China, while PricewaterhouseCoopers (PwC) has said education is key to selling funds to the Chinese. Investors have committed $382m for the China Methane Recovery fund, which has Man Investments as its sponsor. The fund will be run by MTM Capital Partners, in which Man is a majority shareholder. This announcement came as PwC released a major study into fund management in China. The analysis found that while fund management in China is already very profitable, 17 of 19 respondents forecast...