May

Hedge Fund Plummets 62% After Betting Against the Chinese Economy

Puerto Rico hedge fund targets general-obligation bonds
Millennium Management fund gained 2.5% this year through April

A hedge fund at Emerging Sovereign Group that has bet against the Chinese economy sunk about 62 percent this year through April.

The Nexus fund dropped 8.2 percent last month, according to an email to investors seen by Bloomberg News. The April results mark at least the third consecutive month of negative returns for the fund…

Categories : Hedge Funds

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Hedge Fund Plummets 62% After Betting Against the Chinese Economy

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