Jul

China Hedge Fund Doubles Down as Market Selloff Deepens Losses

Springs China Opportunities Fund drops as much as 17% in 2018
Fund is buying oversold, undervalued smaller growth stocks

One China hedge fund is adding to stocks in the nation even as a rout deepened losses in its portfolio and prompted some peers to duck for cover.

Springs China Opportunities Fund is using the “panic selloff” to increase its holdings of “oversold and undervalued” companies, it told investors in a letter seen by Bloomberg News. The letter was sent after the fund lost an estimated 17 percent this year through July 6…

Categories : Hedge Funds

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China Hedge Fund Doubles Down as Market Selloff Deepens Losses

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