China Hedge Funds Lose $10B After Market Collapse

(CNBC) Hedge funds focused on China suffered around $10 billion in outflows in July, after the Shanghai Composite posted a fall of over 14 percent for the month, new data shows. The HFRI Index, which tracks hedge funds that predominantly invest in China, shed 7.7 percent last month after Chinese stocks suffered their sharpest daily percentage decline since 2007.

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