Hedge fund managers bullish on China face hefty investor redemptions after failing to cut their exposure fast enough through the country’s summer market rout, according to industry sources.
China-focused hedge funds stacked up a cumulative loss of about 19% in June, July, and August the biggest three-month losing streak since 2000, according to global data provider Eurekahedge.
Hedge funds profited greatly during the bull run earlier in the year after China made it easier for overseas investors to access to its capital markets. They were also active users of the new trading and clearing link called Shanghai-Hong Kong Stock Connect that...
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