Hedge Funds Turn Bullish as China Weathers Slower Growth, Brexit

(Bloomberg) Springs China Opportunities Fund and Counterpoint Asian Macro Fund join a growing group of hedge funds turning bullish on Chinese shares, which have remained robust even amid a slowing economy and market shocks from Britain’s vote to leave the European Union.

Geoffrey Barker, a former HSBC Holdings Plc economist who manages the Counterpoint fund with City Financial Investment Company (Hong Kong), wrote in his most recent investor letter. The Counterpoint fund, a global macro strategy that managed $78 million as of July 1, rose 0.20 percent in June and was down 4.9 percent in the first half of the year.

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