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(Bloomberg) Singapore hedge fund Asia Genesis Asset Management Pte is closing its macro fund after suffering an “unprecedented drawdown” following China’s stock market rout and Japan’s rally. Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHong Kong Stocks at 36% Discount Show True Depth of China GloomMorgan Stanley, JPMorgan Say Buy the Dip After Treasury RoutNever Trumpers Brace for New Hampshire ShutoutBoeing Faces More Pressure as United CEO Vents F
By Summer Zhen HONG KONG (Reuters) - Asia macro hedge fund managers, many of whom posted strong returns this year, are betting the Japanese yen's unre.