HK hedge fund managers eye bargains as dust settles
Local hedge fund managers say they are ready to put cash to work, with a spike in the VIX seen as a buy signal.
It is normally not a good time to sell when everyone is rushing to the exits in a panic, although hedge funds that have adopted conservative risk management practices may have no option but to cut loss-making positions, and suffer the indignity of a whipsaw on a swift index bounce-back.
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