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Sitting out China's summer rout pays off

Some hedge funds made strategic purchases on brief upswings prompted by government intervention in July.

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FRENZIED MARKET: The mid-June market crash spurred a US$5 trillion selloff. Almost 1,300 hedge funds were liquidated this year as at end-August and only 303 of 2,193 stock funds recorded gains during the June-August period.

Beijing

CHINA'S summer market selloff wasn't a total rout if you were one of the country's top-performing hedge funds that gained an average 70 per cent as almost 1,300 other funds were wiped out.

The country's top 10 performers, run by Ze Quan Investment, Sunrise Investment, Zexi

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