China’s macro hedge funds, including Bridgewater Associates’ China business, proved more resilient than many of the country’s quantitative strategies during July’s sharp equity market selloff, according to a report by Bloomberg.
Several multi-asset managers retained positive returns for the year despite suffering losses during the month.
Bridgewater Associates, which manages more than RMB60bn ($8.9bn) in the country, saw its local All Weather Plus strategy fall 2.8% before fees in July. Despite...
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