A 382% Quarter: Hedge Funds Clean Up In Chinese Rally The Wall Street Journal
SHANGHAI—Some nimble money managers in China have enjoyed triple-digit returns in three months, running far ahead of a wider rally as they play hot themes as varied as industrial hemp, pig farming and e-cigarettes. As pessimism about growth, trade and a campaign against financial risk have receded in 2019, China’s stock markets have rebounded. The benchmark Shanghai Composite Index has risen 23% this year, while its Shenzhen equivalent has gained 29%. That puts both indexes among the world’s best performers, although both have retreated in recent days. Some low-profile outfits—hedge-fund-st...