Asia Hedge Funds Have First Loss in 14 Months on China Crash
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Asian hedge funds’ 13-month winning streak came to an end in June.
Some of the region’s savviest investors such as Pine River Capital Management’s Dan Li and former Highbridge Capital Management Asia head Carl Huttenlocher were hit as a correction in Chinese equities spread to Hong Kong. The Eurekahedge Asian Hedge Fund Index slipped 1.3 percent last month, the first loss since April 2014, with 62 percent of the funds having reported.