Pinpoint AM gets shorty amid volatile China market
The China-focused hedge fund says short-selling and holding cash has helped it to weather the market rout. Now it is considering launching a Ucits-compliant fund.
Volatile China market conditions early this month provided hedge funds with profitable short-selling opportunities, although long portfolios were subject to daily price swings, according to Yongshan Duanmu, managing director at China-focused Pinpoint Asset Management.
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