Hedge Fund Chief Can See How People Might Confuse 'Was Meditating' With 'Was Arrested'
The Chinese boss of the hedge fund giant Man Group re-emerged from a mysterious week-long absence yesterday to dispel rumours she had been taken into custody by authorities probing the country’s recent market turmoil. Li Yifei, the chairwoman of Man Group China and one of China’s most high-profile businesswomen, posted on her social media account that she had attended “industry meetings” and then gone on holiday to meditate, rejecting reports she had been detained. The upbeat message from Ms Li, who is not accused of any wrongdoing and has not been charged, follows a report on 31 August that she was helping police with an investigation into big swings in the Chinese stock markets. Subsequent comments from her husband, Wang Chaoyong, who told reporters in China she was locked in meetings with regulators in Beijing, added to the confusion. [Independent]