Bloomberg – The “trade of the year” is reaping rewards for investors in Northwest Investment Management (HK)’s hedge funds.
Cheaper valuations of Chinese companies’ Hong Kong-quoted class-H shares will persist for at least another three to six months, said George Philips, chief executive officer of the company that oversees about $700 million of assets. That is helping the firm to profit from their discounts to China-listed, yuan-denominated class-A shares, Philips said.
