Quant Giant’s Rare Advice to Pull Cash Shows China Market Woes
- Top hedge funds are adjusting trading models for volatility
- War in Ukraine, China’s tech crackdown challenge traders
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It’s a sign of the times for algorithm-driven trading firms in China: one of the nation’s biggest quant shops advised some clients to take their money back.
Earlier this month, the marketing head at Zhejiang High-Flyer Asset Management suggested that certain clients sensitive to volatility fully redeem their money as the market is more likely to fall further than rebound, in comments which were confirmed by the hedge fund.