Chinese Focused Hedge Funds Hold Up Amid Chinese Stock Drop

In the wake of the Chinese stock market embarking on more than a 20 percent correction since peaking near June 12, when the Shanghai Composite Index was at 5166, Chinese hedge funds reporting to HSBC have held up reasonably well in the aftermath and still sport significant gains. Five of the top ten hedge funds on HSBC listings have significant Chinese exposure Of the top ten hedge funds on the current HSBC hedge fund performance ranking, five are focused on China. Despite the Shanghai Composite losing half its value since June 12, the index continues to post a 22.86 percent return…