A China Hedge Fund Manager Is Betting Big on Floating Flamingos
- Dalton Investments increased holdings in Bestway Global
- Bets on GDS have paid off with more than 300% return
Photographer: halbergman/E+/Getty Images
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A hedge-fund manager who made more than 300 percent on one stock says her next big win is a Chinese maker of swimming pool flamingos and bouncy castles.
After a two-year bet that paid off with GDS Holdings Ltd., a Beijing-based operator of data centers, Jen Lai is now doubling down on Hong Kong-listed Bestway Global Holding Inc. The Dalton Investments LLC portfolio manager has bought more of the shares this year after first discovering the stock in the second half of 2018.