Dr. Li joined Capula Investment Management LLP in 2008. The firm specializes in global fixed-income management and is located in London with affiliated offices in the United States, Hong Kong and Japan. The firm manages fixed income trading strategies for absolute return and enhanced fixed-income products. The total assets managed by the firm is currently around USD 10 billion. Before joining Capula, Dr. Li worked for the New York based hedge fund, Oakhill Platinum Partners (OHPP). At OHPP, Dr.Li achieved consistent high returns, helping OHPP grow its assets under management to USD 5bn–which made the firm one of the largest hedge funds at that time. Dr. Li holds a Ph.D. in economics from Yale. His academic work has been cited by Businessweek and the Economist.
On Oct. 29, Dr. Li spoke for YCW Beijing about the challenges and opportunities brought about by RMB internationalization. The key driver of the RMB offshore market development is arbitrage between onshore and offshore markets. Dr. Li covered current developments in the RMB offshore market and how they affect the onshore market. Does the strategy of gradual appreciation of the RMB by the Chinese authorities narrow the spread of arbitrage in the RMB offshore market–even as the scale of arbitrage increases? Dr. Li also shared us a brief history and analysis of the current ecosystem of RMB internationalization.