Asia Hedge Funds Back Solar Power for Supersized Gains
- Solar stocks were among top trades for LyGH, Pinpoint, Zaaba
- China’s 2018 subsidy cut helped drive cost cuts, consolidation
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Solar energy is back in favor with hedge funds.
The sector was among the best investments in 2020 for Asia-based managers including LyGH Capital, Pinpoint Asset Management, Sylebra Capital and Zaaba Capital, helping them to beat global funds’ 9.5% average returns.