AHL spies futures in China rebar, iron ore and polymers

Hedge fund puts algorithms to work in new liquid futures and OTC markets

Tim Wong, Man AHL

The high correlation between futures markets in recent years has driven Man Group's AHL to seek new derivatives markets in which to make money, with some of the richest opportunities being in China, according to its executive chairman Tim Wong.

Futures contracts in reinforced steel bars (rebars), iron ore and even purified terephthalic acid (PTA), a polymer that makes up polyester fibres, are highly traded on Chinese exchanges, but foreign hedge funds have yet to seize on this potential, he says.

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