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Hedge Funds Won’t Stick Around In China Unless Xi Delivers
On Thursday, a reader suggested, not implausibly, that a recent high-profile bull call on Chinese equities likely delivered outsized gains to the "name brand" hedge fund manager from whom that call emanated.
Over the course of just 13 trading sessions, Hong Kong-listed Chinese shares soared a stupendous 34% as market participants bet big on Beijing's stimulus push. Or perhaps I should say they bet big on the likelihood that the mere announcement of a broad-based stimulus push would drive huge g
I assume this factors in the fact that China has been closed all week while Hong Kong has been open since Tuesday?
Yes. And it anyway doesn’t matter: It’s true regardless. H-shares are the natural place to speculate given far easier access, more liquidity, etc etc
Can’t recall if discussed already, but not much is confirming the move in China stocks – as in, not commodities, related foreign stocks, FX, etc.
USD 1 TR would be a bazooka, if it is actually fired – and at the right targets. The right targets might be anathema to the trigger puller. But a bazooka is not going to fix the fundamental problems. So this is a trade – shorter if no or misfired bazooka, longer if otherwise.