(Reuters) Hedge funds investing in China lost an average of 7.4 percent in the first quarter of 2016, the fallout of a turbulent three months for the world’s second largest economy, all but wiping out all the previous year’s profits, data from eVestment showed.
A slowing of China’s growth along with pressure on its stock markets, corporate borrowers and the yuan currency sent a shockwave through global financial markets in January.
Public media in China lashed out at hedge fund “speculators” and regulators took a raft of measures to prevent the aggressive shorting of local markets and offshore trading of the yuan.
