China-focused hedge funds rebound
After an annual loss in 2016, they add over 13% in H1 to rank among top global counterparts.
China-focused hedge funds bounced back from their worst performance in five years and trounced global counterparts.
After an annual loss last year, Greater China hedge funds added more than 13 per cent on average in the first half of 2017 to rank among the top-performing strategies in the world, according to preliminary data from Eurekahedge. Hedge funds from Greenwoods Asset Management, Springs Capital and SPQ Asia Capital were among standout performers with gains of 20 per cent or more.
Hedge funds worldwide are struggling with investor redemptions after central bank intervention suppressed volatility and sapped returns. China funds were a rare pocket of outperformance as global hedge funds on average gained about 3 per cent in the first half. Investors are taking notice: The majority of China-focused hedge funds saw inflows in May for the first time since 2015, according to a report by research firm eVestment.
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