And may we ask: are you still a China “bull”? If yes, then think again.
Via Business Insider:
U.K. hedge fund titan Hugh Hendry, a partner and chief investment officer at Eclectica Asset Management, is continuing to kill it this year with his “China short” fund.
According to the Financial Times, his “China short” fund is up an astonishing 52% YTD.
That’s one awesome bet Hendry made, especially since the average hedge fund is down 4.37% YTD, the report said.
Hendry’s credit fund is able to go short China via Japanese credit default swaps by betting that Chinese demand to Japanese corporate credits will slow.