21.05.2015 - Chinese commodity hedge funds cultivate ties with Western investors
Chinese hedge funds, blamed for several routs in the metal markets in the past 18 months, are developing relations with Western investors as they stretch out beyond their home turf, an executive at London Metal Exchange broker Sucden said. Chinese metals funds, including Shanghai Chaos Investment Co, were believed to be behind an 8 per cent plunge in the copper price over three days in March 2014 and were active as the metal crashed to a six-year low this year. They have become a dominant force in metals, especially during the Asian day, as Western hedge funds, asset managers and banks have scaled back or quit...............................................Full Article: Source
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