May
11
Hedge Fund Crowd Acts Like Chinese Retail Traders, CIC Says
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China wealth fund director blames managers for herd mentality
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Zhang says she’s disappointed by hedge fund performance
China Investment Corp.’s Roslyn Zhang, a managing director at the nation’s sovereign wealth fund, criticized hedge fund managers for everything from herding into bets against the yuan to lacking skills to make money.
“Over the last couple years I’m kind of disappointed by the performance,” she said Wednesday at the SkyBridge Alternatives Conference in Las Vegas. Zhang, who oversees fixed-income and absolute-return investments, said CIC is a “sizable” investor in the industry…
Hedge Fund Crowd Acts Like Chinese Retail Traders, CIC Says
