Oct
01
APS China Hedge Fund Posted Loss Last Month as Rout Continued
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APS’s $2 billion long-only strategy slumped 6.7% in September
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Shanghai Composite declined 4.8% to cap quarterly decline
APS Asset Management Pte’s China A Share Fund lost 6.7 percent last month as the slump in Chinese stocks culminated in the market’s worst quarterly decline in more than seven years.
The returns of the long-only equity fund were calculated through Sept. 25, Singapore-based APS said in an e-mailed statement, a period during which the Shanghai Composite Index declined 3.5 percent. Since the beginning of the year, the fund advanced 3.1 percent, according to the statement, compared with a 4.4 percent decline in the index. APS did not elaborate on the trades or positions of the fund and related strategies, which have about $2 billion in assets…
APS China Hedge Fund Posted Loss Last Month as Rout Continued
