China's summer of woe slams hedge funds

Hedge fund managers slow to cut back on their exposure to China face significant redemptions. Value Partners underperforms; Segantii gains ground.

China's summer of woe slams hedge funds

Hedge fund managers bullish on China face hefty investor redemptions after failing to cut their exposure fast enough through the country’s summer market rout, according to industry sources.

China-focused hedge funds stacked up a cumulative loss of about 19% in June, July, and August  the biggest three-month losing streak since 2000, according to global data provider Eurekahedge.

Hedge funds profited greatly during the bull run earlier...

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