For veteran hedge fund investor Chua Quickly Hock, 2024 used to be meant to usher in a multi-year upward push in Chinese language shares and the potential of a life-time. As a substitute, his fund’s surprising death sends a caution to fellow China bulls: keep on with your weapons at your peril.Chua’s Asia Genesis Asset Control Pte informed buyers this week the $330 million fund would shut after it used to be badly burned via wrong-way bets on Japan, and via falling Chinese language markets that he in large part blamed on inactiveness via coverage makers, together with President Xi Jinping.
