Hedge Fund’s Wealthy Clients Want To Add Money After July Loss

(Bloomberg) Howel Thomas’s Hong Kong hedge fund focused on small Asian stocks is getting pummeled in July and his wealthy investors want to add money.“They have a long-term perspective,” Thomas, a former CLSA Asia-Pacific Markets banker, said in a telephone interview on Wednesday as China’s benchmark stock index tumbled to a three-month low. “They know that when things are cheap, it’s a good time to buy. Things have gotten very cheap in the last few days.”

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