China-focused hedge funds cede top spot to Japan peers
They post worst-ever 17.9% loss for June to August
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CHINA-focused hedge funds suffered record losses in the past three months and were overtaken by their Japan-themed peers as this year's best performers, leaving them at risk of a surge in redemptions.
China hedge funds, which collectively manage US$21.5 billion in assets, posted a 17.9 per cent loss for June to August, the worst ever for a three-month period, amid a rout in Chinese stock markets, data from hedge fund tracker Eurekahedge shows.
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