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Top Chinese Hedge Fund Banxia Slashes Stocks for Survival in Rout

(Bloomberg) A top Chinese macro hedge fund said it slashed stock positions last month as the nation’s market rout deepened, taking losses after acknowledging mistakes betting on a rapid economic recovery.Most Read from BloombergKing Charles Treated for Cancer in New Health Scare for MonarchyWhy NYC Apartment Buildings Are on Sale Now for 50% OffChina Tightens Some Trading Restrictions for Domestic and Offshore InvestorsEastern Europe’s Richest Woman Pivots $43 Billion Empire WestBonds Fall Af

A good HK story story | Big Lychee, Various Sectors

A good HK story story | Big Lychee, Various Sectors
biglychee.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biglychee.com Daily Mail and Mail on Sunday newspapers.

Singapore s Asia Genesis closes hedge fund after losing bets on China, Japan

HONG KONG Singapore-based Asia Genesis Asset Management is liquidating its hedge fund after a "significant and unprecedented drawdown" following missteps in Chinese and Japanese bets. The Asia Genesis Macro Fund lost 18.8 per cent in the first weeks of January, Chief Investment Officer Chua Soon Hock said in a letter to investors seen by Reuters. He said he decided.

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