Top Hedge Fund Says China Should Have Waited on Crash Rule
- APS Greater China Long/Short Fund rose 42 percent in 2015
- Chinese retail investors need to get used to circuit breakers
Why China Scrapping Circuit Breakers Was a Good Idea
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APS Asset Management Pte, whose long-short China hedge fund returned 42 percent last year to beat most peers, said the nation’s authorities should have waited before suspending the circuit-breaker rules because retail investors will eventually learn to deal with them.
Chinese authorities don’t need to tinker with the circuit-breaker system, APS founder and Chief Investment Officer Wong Kok Hoi said in an e-mailed response to questions. The nation’s economic fundamentals haven’t deteriorated markedly in the past week, Wong said.