Jul
03
Hedge Fund Plays Trade Spat Shorting China Cars, Buying Travel
By-
Pinpoint’s multi-strategy fund is on 16-month winning streak
- Risk of yuan use in trade battles spurred currency hedging
The escalating trade dispute between China and the U.S. prompted hedge fund manager Pinpoint Asset Management to take money off the table earlier this year. It’s now game-planning for a potential agreement between the world’s top two economies.
“The likely scenario to result from the China-U.S. trade tensions would be a trade deal — largely due to China conceding,” said Jennifer Wong, managing director of investor relations at Pinpoint Asset Management, which manages $3.6 billion in long-short equity and multi-strategy hedge funds focused on Asia…
Hedge Fund Plays Trade Spat Shorting China Cars, Buying Travel
