Hedge funds can't keep up with China's surging stock market
On track for their best showing since 2009, they are still lagging behind the MSCI China Index by the widest margin on record
Sat, Dec 16, 2017 - 5:50 AM
Some hedge fund managers say their jobs are getting harder as an influx of trend-chasing Chinese individual investors causes Hong Kong share prices to detach from corporate fundamentals for extended periods.
IT WAS a good year for hedge funds betting on rising and falling stocks in Greater China. Just not good enough to beat a spectacular market rally.
Long-short equity hedge funds investing in the region returned an average 30 per cent through...