Jun
21

These Hedge Funds Beat Stocks in May as Steam Came Out of China

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Asia-focused hedge funds beat equity markets in May with profitable China bets just as the nation’s share market rally began to slow.

Pine River Capital Management, Springs Capital (Hong Kong) and Legends Asset Management were among those whose returns last month outperformed the MSCI Asia-Pacific Index, which fell 1.3 percent, its first monthly decline this year.

“May was a challenging month for the industry,” said Stephane Pizzo, managing partner of Singapore-based Lotus Peak Capital, which invests in hedge funds. “Some organizations managed nevertheless to generate outstanding returns by being correctly positioned in an increasingly complex and multi-faceted China market.”…

These Hedge Funds Beat Stocks in May as Steam Came Out of China

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