Jul
03
Hedge Fund Veteran Gives Up on Chinese Stocks
By-
Kingsmead’s exit from China proves prescient as rout deepens
- Foo’s Kingsmead is increasing investments in Vietnam, Thailand
John Foo, who has managed long-only and hedge funds in Asia for 20 years, has sold out of Chinese stocks for the first time in his career as a money manager.
Foo’s Kingsmead Asset Management ended all bullish and bearish bets on China stocks about two months ago, as trade tensions and domestic credit tightening intensified, he said in an interview. Singapore-based Kingsmead manages about $60 million in an Asia-focused hedge fund and also oversees client money in separate accounts…
