Hedge Fund That Doubled Since April Sees ‘Dawn’ for China Stocks
- Zhengyuan fund jumps 103% from April as earlier call pays off
- Founder Liao sees turning point for power plants next year
This article is for subscribers only.
A Chinese hedge fund that doubled returns in three months says a rebound is imminent for the nation’s battered economy and worst-hit stocks.
Liao Maolin, who couldn’t buy enough of China’s sinking stocks in March, says his funds at Guangdong Zhengyuan Private Fund Investment Management Co. are now betting on downstream green energy companies. He’s raising money to invest in solar and wind power plants, he said, declining to disclose his funding target.