Bloomberg: The number of active hedge funds that focuses on China has fallen for the f

According to Bloomberg, the number of active hedge funds focusing on China has fallen for the first time since 2012, marking a major change in China's offshore hedge fund.

Bloomberg Monday (August 14) quoted Preqin data newspapers. As of June this year, only five new funds focusing on the active hedge funds focusing on China were launched, and 18 funds were liquidated.

It is reported that China's offshore hedge fund almost accounted for almost half of the Asian New Fund in 2021.Later, China's rectification of teaching aids and e -commerce, as well as intensifying the situation with the geopolitical tensions in the United States, led to weak returns and weakened global investors' interest in Chinese assets.

Reporting for example, Dantai Capital has closed the flagship Greater China Hedge Fund this year, and said that its investment strategy will no longer work in the current market environment; Yulan Capital Management is also 2022.At the end of the year, an Asian hedge fund focused on Greater China.

Eurekahedge data of the Global hedge fund database shows that focusing on Chinese hedge funds, especially stock selection funds, is facing unprecedented losses for the second consecutive year.More than two -thirds of the hedge funds that focus on China suffered losses in 2022, while 36%of funds fell one fifth or more.Preqin data shows that in the first half of this year, 62%of Chinese funds failed to make profits.

Bloomberg quoted the information of the insider, saying that the LEGENDS China Fund lost more than 20%each year in the past two years, and it fell 16%from January to July this year; the Lanxi China Fund (Blue Creek ChinaFund) fell 17%in the first half of this year, and it is difficult to end continuous losses since 2021.

Bloomberg pointed out that the Chinese offshore fund has some common characteristics, making them particularly vulnerable to the latest supervision and geopolitical adverse factors.

About 88%of the hedge funds focusing on China in Bloomberg database 417 specially engaged in long and short stock trading.Among them, two -fifths are biased.When the market rises, this strategy is often better.

According to Eurekahedge's data, as of July, the Greater China stocks have fallen by about 1%, of which 11%of the funds announced the data.

The MSCI China Index has fallen 43%since the end of 2020, and the US Standards Purcell 500 index has risen by 19%at the same time.