Springs Capital Hedge Fund Dropped 9.8% by Jan. 8 on China Rout
- Springs China Opportunities focused on yuan-denominated shares
- Fund returned 29% last year and more than 17% since inception
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A Springs Capital hedge fund pooling international capital for investment in Chinese companies dropped 9.8 percent in the first five trading days this year as the world’s second-largest stock market got off to its worst start in more than two decades.
Springs China Opportunities Fund’s unaudited loss through Jan. 8 was communicated to investors in a weekly performance update. The fund returned 4.9 percent in December, bringing its gain to 29 percent last year, according to a separate investor update.