Marshall Wace, DE Shaw, Millennium Helped Drive China ADR Surges
- Chinese technology firms rebound after Beijing support
- Two Sigma, Driehaus, Arrrowstreet were also among top buyers
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Global managers Marshall Wace, DE Shaw & Co. and Millennium Management helped propel double- to triple-digit share price surges in US-listed Chinese companies since September, according to public filings.
Two Sigma Investments LP, Driehaus Capital Management LLC, Arrowstreet Capital LP and Light Street Capital Management LLC were also among top buyers of the 10 best performers in the Nasdaq Golden Dragon China Index, a Bloomberg News analysis shows.