Asia-focused hedge funds, including WT China Fund and Keystone Investors are suffering a sharp reversal in fortunes this month after riding a powerful rally in artificial intelligence and semiconductor stocks through the first half of 2026, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that WT China Fund, managed by Wang Tongshu, was down about 17% for July through 17 July. That followed a gain of roughly 120% during the first six month...
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