Jun
03
Kaisa Creditor Fuchs Says Single-B China Property Debt Cheap
ByBenjamin Fuchs is unfazed by being caught in the first dollar bond default of a Chinese developer.
The chief investment officer of BFAM Partners (Hong Kong), a hedge-fund firm overseeing $1.2 billion of assets, said offshore debt of Chinese property developers with a single-B credit rating was “extremely cheap” and the default risk exaggerated.
“That’s precisely where you should be investing,” he said Wednesday at the Sohn Conference Hong Kong presented by the Karen Leung Foundation, a gathering where top Asia-focused hedge-fund managers share ideas and raise money to combat gynecological cancers…
Kaisa Creditor Fuchs Says Single-B China Property Debt Cheap
