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Asia hedge funds suffer first loss since April 2014 on China crash

The Eurekahedge Asian Hedge Fund Index slipped 1.3 per cent in June, as a correction in Chinese equities spread to Hong Kong

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MARKET PLUNGE: Many hedge funds couldn't dodge the Shanghai Composite Index's 32 per cent plunge from June 12. By July 8, more than US$3 trillion in value were wiped out after retail investors who borrowed to buy shares had to unwind trades.

Hong Kong

ASIAN hedge funds' 13-month winning streak came to an end in June.

Some of the region's savviest investors such as Pine River Capital Management's Dan Li and former Highbridge Capital Management Asia head Carl Huttenlocher were hit as a correction in Chinese equities