Star China Stock Fund Manager Suffers a Disastrous 2021
- Three of Zhang Kun’s funds rank near bottom among peers: data
- Fund performance also hurt by weaker China consumer demand
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2021 was a difficult year for Zhang Kun, a celebrity Chinese fund manager whose early bets on mainland liquor stocks and eye-popping returns had made him famous.
Three funds managed by him at China’s biggest money manager E Fund Management Co. ranked near the bottom among their peers last year, according to data from financial information provider East Money Information Co., as Beijing’s intensified tech clampdown and the nation’s slow consumer spending soured his once profitable investments.