Hedge Funds Used to Love Shorting China. Now, Not So Much
- Hart has changed his mind; Odey has tempered his view
- Yuan, Chinese stocks have recovered after 2015 turmoil
People stand in front of a sculpture of bulls at the entrance to the Shenzhen Stock Exchange building in Shenzhen, China, on Tuesday, Aug. 23, 2016. Derivative markets are pointing to renewed bets on yuan depreciation, with a three-month measure of expected price swings poised for the biggest monthly increase since January.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
A sharp devaluation. A credit crisis. And an economic hard landing.
That’s what some of the biggest names in the hedge fund industry were predicting for China after the nation’s stocks and currency tumbled in 2015.