(Bloomberg) When some of the biggest hedge funds that trade in Asia gathered on June 3, 2015, at the Sohn Conference Hong Kong, there was widespread euphoria about measures by Prime Minister Shinzo Abe and the Bank of Japan to end the nation’s deflation and China’s stock market was trading near a record high.Since then, slowing global growth, concerns about the trajectory of Federal Reserve actions and a commodity slump have roiled markets worldwide.
Global investors such as BlackRock Inc. have ended bullish calls on Japan as Abe’s growth measures faltered. In China, a rout that began soon after last year’s conference has wiped out as much as $5 trillion off the nation’s stock market value as growth slowed and retail investors unwound excessive borrowings.
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