Sep
11
Hedge Funds Used to Love Betting Against China. Now, Not So Much
By-
Hart has changed his mind; Odey has tempered his view
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Yuan, Chinese stocks have recovered after 2015 turmoil
A sharp devaluation. A credit crisis. And an economic hard landing.
That’s what some of the biggest names in the hedge fund industry were predicting for China after the nation’s stocks and currency tumbled in 2015.
Two years later, it hasn’t worked out quite the way pessimists anticipated. Bets on a devaluation have fizzled as the yuan rallied nearly 7 percent from its eight-year low against the dollar in December. Chinese credit markets have stabilized, while the nation’s equities are back in a bull market…
Hedge Funds Used to Love Betting Against China. Now, Not So Much
