Losses and liquidations: China private fund sector losing its lustre
The sector's average return this year is -6.74% with just 14% of private funds in positive territory. Increasing competition means they will have to work harder to prove their worth.
China’s once impregnable private funds sector is fast losing its lustre amid severe losses, liquidations and mismanagement on the back of a domestic stock market correction this year.
The sector, which has grown exponentially since its 2005 beginnings, has recorded an average return of -6.74% to date this year, with just 14% of private funds achieving a positive figure, according to Shanghai-based data provider Suntime Corporation.
Industry spokespeople believe the sector is now…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.