Nov
16
China Roller-Coaster Market Ride Rewards Hedge Funds Who Held On
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Greenwoods, Marco Polo funds posted double-digit returns
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Funds outperformed as oversold stocks rebounded on policies
The great China roller-coaster stock market ride is on an upswing, and it’s rewarding those hedge funds that hung on.
Greenwoods Asset Management and Marco Polo Pure Asset Management were among hedge funds that posted double-digit gains in October after they added stocks or held on to shares they deemed oversold following China’s market rout and benefited from a rebound. The managers stood out as the Eurekahedge Greater China Hedge Fund Index climbed 5.2 percent on average in last month, trailing the 11 percent surge in the Shanghai Composite Index and the Hang Seng China Enterprises Index as many hedge funds stayed on the sidelines…
China Roller-Coaster Market Ride Rewards Hedge Funds Who Held On
