Stock Trader Who Made 6,200% in China Isn't Worried About Brexit
- Huang Weimin says Shanghai stocks may climb 18% next quarter
- Sees chance of global rally in risky assets after British vote
A display of U.K., Union Jack flags fly in front of The Houses of Parliament, in London, U.K., on Monday, Feb. 15, 2016. U.K. lawmakers are not the only ones bracing for a tough few months before Britain's referendum on its European Union membership. A gauge of expected volatility for the pound near the highest since 2011 shows traders are expecting a rough ride too.
Photographer: Jason Alden/BloombergWhen it comes to timing the Chinese equity market, Huang Weimin is hard to beat.
The self-taught hedge fund manager gained more than 6,200 percent by riding the boom and bust in Chinese stock-index futures last year, then returned another 60 percent in the first two months of 2016 by turning bearish before the market tumbled. As Chinese shares meandered over the past four months, he played it safe in cash.