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Trump Concerns Have Hedge Fund Investor Looking to China

  • Penjing plans to increase China allocation to 35% from 20%
  • Trump’s protectionism, spending to hurt trade, inflaton: Wu
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Trump Trade: Markets Want More Specifics

Corrected

As U.S. stocks rally on optimism Donald Trump’s presidency will be good for growth, hedge fund investor Ronnie Wu is looking on warily.

Wu, who oversees $350 million at Penjing Asset Management Ltd. in Hong Kong, is concerned Trump’s mix of tax cuts, deficit spending and protectionism will hurt trade and spur higher inflation and interest rates, threatening global growth.