“China Hedge Funds in Crisis After Losses, US Investor Retreat”
August 14, 2023
“…The number of active China-focused hedge funds has slipped for the first time since at least 2012, with only five new funds launched this year as of June, according to data from Preqin Ltd. Another 18 funds were liquidated, the data show.
…Beijing’s crackdowns on private companies in industries including after-school tutoring and e-commerce, along with growing geopolitical tensions with the US, have led to weak returns since then and sapped global investors’ appetite for China assets…
China-focused hedge funds — stock pickers in particular — are facing an unprecedented second consecutive year of losses, according to Eurekahedge Pte data. More than two-thirds of China-focused hedge funds lost money in 2022, while 36% were down a fifth or more. In the first half of this year, 62% of China funds failed to make money, Preqin data showed…”
https://finance.yahoo.com/news/china-hedge-funds-crisis-losses-000000058.html