A macro hedge fund’s closure has sent shockwaves across Asia’s asset-management world.

Singapore-based Asia Genesis Asset Management Pte is shutting down its macro fund after losing 18.8% in the first weeks of January from a wrong-way bet on Japan and China. Chief Investment Officer Chua Soon Hock was bearish on Japanese equities and bullish on Chinese stocks, and he was caught out by a sharp selloff in the Hang Seng Index and an equally impressive rally in the Nikkei 225 Stock Average.

QOSHE - Hedge Funds Are Playing a Dangerous Game on Japan and China - Shuli Ren
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Hedge Funds Are Playing a Dangerous Game on Japan and China

2 1
25.01.2024

A macro hedge fund’s closure has sent shockwaves across Asia’s asset-management world.

Singapore-based Asia Genesis........

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