Chasing credit
Despite having immature fixed-income and equity derivatives markets and some of the tightest capital and currency controls in Asia, China is becoming a source of opportunity for hedge funds. Catherine Lacoursiere reports
The liquidity squeeze in global markets has made trading strategies linked with greater China an attractive target for some hedge funds, especially those employing credit strategies. Credit-focused funds have a particular penchant for the liquid Hong Kong, Taiwan and mainland China credit markets - and they are likely to outperform funds with more general exposure, when default rates and
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