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Trump’s War of Words With North Korea Helped This Hedge Fund Gain 48%

  • Gen2 bet on North Korea risks, China’s chances of hard landing
  • ‘Risk from North Korea was a lot bigger,’ Kyle Shin says
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President Donald Trump speaks about North Korea’s launch of an intercontinental ballistic missile.(Source: Bloomberg)
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A Hong Kong hedge fund started by a former Kingdon Capital Management employee rose 48 percent through October by wagering that fears over North Korea would increase while worries of a Chinese credit crisis would recede.

“As a Korean, I perceived that the risk from North Korea was a lot bigger,” Kyle Shin, of Gen2 Partners, said in an interview in Hong Kong. Tensions flared again Wednesday, when Kim Jong Un’s regime fired an intercontinental ballistic missile into the Sea of Japan, shattering two months of relative quiet.