2023-10-14 04:17:56
Star Hedge Fund Calls China Stocks Bottom, Says Time to Buy
A top-performing Chinese macro hedge fund said the nation’s stocks rout has run its course, predicting a bull market is around the corner.
Shanghai Banxia Investment Management Center, which manages more than 10 billion yuan($1.4 billion), has rebuilt net-long positions in the mainland-traded A-share market to 40% as of the end of last month, according to its September investor letter seen by Bloomberg. The firm had kept equities low since June before adding exposure late last month.
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