Hedge Fund News From HedgeCo.Net

Hedge Funds See No Respite Ahead in Asia After Brutal Start

February 25, 2016 : Permanent Link

(Bloomberg)Hedge funds in Asia, which struggled with a brutal market selloff last month, don’t see a respite anytime soon.The $241 million Orchid China Master Fund extended January’s 11.2 percent decline to slump another 2.6 percent this month through Feb. 15 and is bracing for more market swings, according to a letter to investors. The $33 million Truston Falcon Asia Fund has reduced unhedged positions amid extreme volatility and an uncertain outlook, it said in an investor letter. Open Door Capital Group, which suffered a 23 percent loss in its $188 million A-share fund last month, said in a letter that China’s slower growth “cannot provide any positive support for the capital market.”

To read this article:

This entry was posted in Syndicated, Uncategorized. Bookmark the permalink.

Leave a Reply

Recent Posts

  1. Stock futures are little changed after S&P 500 snaps 6-day losing streak: Live updates
  2. Florida hedge fund manager jailed over multi-million dollar Ponzi scheme
  3. Investors pull $1.6bn from Man Group in Q1
  4. General Motors is set to report earnings before the bell. Here’s what Wall Street expects
  5. Tech’s earnings bonanza this week shines spotlight on growing troubles at Tesla, Google

Search


Categories