China Hedge Fund Buying April Dip Extends Decade Gain to 1,485%

China Hedge Fund Buying April Dip Extends Decade Gain to 1,485%

A Chinese hedge fund that bought the dip in April when the nation’s stocks plunged on fresh US tariffs has jumped 20% this year, extending its total return since inception a decade ago to 1,485%.

Evolution Asset flagship fund up 20% YTD after ‘bottom-fishing’ bet

China-based hedge fund Evolution Asset Management’s flagship fund Multi-Strategy No1 is up almost 20% YTD, and has now returned a staggering 1,485% since inception in 2015, according to a report by Bloomberg citing data from Shenzhen PaiPaiWang Investment & Management Co. The hedge fund, which now manages approximately RMB13bn ($1.8bn), made headlines last month after founder and Chief Executive Officer Wang Yiping pledged on social media in ear…

The Billionaire Odd Couple Whose Hedge Fund Is Killing It

Paul Marshall and Ian Wace have almost nothing in common—except a $70 billion fund with a top-secret algorithm. Says Wace: ‘I don’t think I have really ever agreed with anything that Paul has ever said.’