Mar
29
Fortunes Reverse for Hedge Funds That Won in Past Selloffs
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Hao’s China hedge fund lost 6.1% after last year’s 149% gain
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TAL China Focus Fund lost 8.4% in first two months of 2016
Asia-based hedge funds that navigated market turbulence in the past are struggling with the ferocity of this year’s carnage.
Hao Advisors Management’s $328 million Greater China Focus Fund, which surged 149 percent last year amid a stock rout in Asia’s biggest economy, lost 6.1 percent in the first two months of the year, according to a document obtained by Bloomberg News. Trivest Advisors’ $622 million TAL China Focus Fund, which hasn’t posted a single losing year, lost 8.4 percent in the first two months of 2016, according to a document…
Fortunes Reverse for Hedge Funds That Won in Past Selloffs
