Hedge Fund News From HedgeCo.Net

Hedge Funds That Can’t Hedge

June 7, 2016 : Permanent Link

(Bloomberg) Hedge funds have had a tough 12 months and the first quarter of 2016 was the worst in at least seven years. Grief, however, is always relative. Those suffering in New York or London may find some comfort when they look at what their counterparts in China and Hong Kong are enduring.SHANGHAI SHENZHEN CSI 300 INDEX’S DECLINE THIS YEAR15% On Tuesday, China a Hong Kong-based money manager that runs more than $5 billion, said it would close one of its China-focused hedge funds after a drop in performance during last year’s stock market rout.

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