(Bloomberg) Some of the largest China-focused hedge funds are reversing losses they posted early this year as the stock market recovers, although a comeback remains elusive for the industry as a whole.
The $1.5 billion Greenwoods Golden China Fund and the $728 million Pinpoint China Fund rose in September, extending a rebound that started in mid-2016 after losses earlier in the year, according to updates to investors. Greater China-focused hedge funds are having their worst year since 2011 with almost two-thirds showing losses through September, data from Eurekahedge show.