(Bloomberg) For the most die-hard bulls among the China-focused hedge fund community, June was a month of reckoning. Funds with the highest net exposures to China’s markets suffered hefty losses after the benchmark stock index posted its biggest monthly decline since January 2016. Among them are Top Ace Asset Management’s China-focused Scienart Advantage Fund, which plunged an estimated 20 percent in June, according to people with knowledge of its returns. Greater China funds run by Yuanhao Capital Management and Modus Asset Management also slumped.
China Hedge Funds Trigger Investor Unease With June Implosion
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