|
|
Opalesque Exclusive: Mixed views about the Chinese financial markets at the Jetfin conference, China HF universe peaked 2007 with $15bln assets, down to $12bln now, fund count stalls at 80
Benedicte Gravrand, Geneva:
On a global scale, China is the superstar of emergent countries; the place investors expect the most from; a super-power in the making. On a domestic scale, the local economy is growing at an unprecedented rate, reserves and savings are overflowing – but the government is still tackling key issues such as pollution, inflation, interest rates, possible contagion from the sub-prime crisis. Funds in China, reflecting the entrepreneurial spirit of its people, have multiplied since 1996. Most hedge funds follow an equity long/short strategy (60%), followed by Multi-strategy (12%), Event driven (8%), Distressed debt (6%), etc. The current challenges are the uncertain macro environment and the increased volatility, said Pierre Lavaud at the Jetfin conference (details) in Geneva yesterday (22 April 2008).
Strategic and tactical challenges in China – an economist’s view
The challenges now are a recurrence of very old challenges, said Michael Taylor, advisor at London’s ColdWater Economics (website). The data for Q1 2008 shows the following trends:
dom......................To view our full article Click here
|
|
RSS
