{"id":36283,"date":"2013-06-20T10:39:22","date_gmt":"2013-06-20T14:39:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36283"},"modified":"2013-06-20T10:43:59","modified_gmt":"2013-06-20T14:43:59","slug":"hedge-fund-manager-predicts-china-market-crash","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2013\/hedge-fund-manager-predicts-china-market-crash.html","title":{"rendered":"Hedge Fund Manager Predicts China Market Crash"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/06\/1613614671_1366926098.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-36287\" alt=\"1613614671_1366926098\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/06\/1613614671_1366926098-300x225.jpg\" width=\"300\" height=\"225\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/06\/1613614671_1366926098-300x225.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/06\/1613614671_1366926098-1024x771.jpg 1024w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/06\/1613614671_1366926098.jpg 1620w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) &#8211; Hedge fund manager and former chess-grandmaster Patrick Wolff is speculating on a stock market crash in\u00a0China, according to Reuters.<\/p>\n<p>&#8220;People are talking way too much about the Federal Reserve and not enough about China,&#8221; Wolff said. &#8220;We&#8217;ve been saying that the U.S. is the safest place to invest, while China is a crash waiting to happen.&#8221;<\/p>\n<p>Wolff was previously a managing director at\u00a0San Francisco\u00a0hedge fund\u00a0Clarium, which is a $3B global macro hedge fund. He left Clarium to launch Grandmaster Capital Management, a hedge fund that received seed capital from\u00a0Peter Thiel, the founder of Clarium and a strong chess player himself.<\/p>\n<p>&#8220;China&#8217;s centrally-planned economy inevitably means massive corruption and a massive misallocation of capital,&#8221; he said,\u00a0&#8220;Interbank lending rates have shot up and many companies are facing a cash crunch.&#8221;<\/p>\n<p>Alex Akesson<br \/>\nFor\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Hedge fund manager and former chess-grandmaster Patrick Wolff is speculating on a stock market crash in\u00a0China, according to Reuters. &#8220;People are talking way too much about the Federal Reserve and not enough about China,&#8221; Wolff said. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-36283","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=36283"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36283\/revisions"}],"predecessor-version":[{"id":36285,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36283\/revisions\/36285"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}