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 spread to Hong Kong. The Eurekahedge Asian Hedge Fund Index slipped 1.3 per cent last month, the first loss since April 2014, with 62 per cent of the funds having reported.
China's benchmark stock indexes peaked on June 12, tumbling as much as 40 per cent by July 8 and wiping more than US$3 trillion in value after retail investors who borrowed to buy shares had to unwind trades. Japan's Topix index dropped 2.6 per cent in...
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