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Everbright closing China hedge fund after poor returns during last year's rout

Wednesday, June 8, 2016 - 05:50

Singapore

CHINA Everbright Ltd, a Hong Kong-based money manager that runs more than US$5 billion, is closing a China-focused hedge fund after its performance suffered during the country's market rout last year.

The firm has reallocated half of the money from the US$30 million

sentifi.com

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