Hedge Fund Manager David Tawil Sounds Warning On Chinese Debt

Suffice it to say David Tawil, co-founder of Maglan Capital, is not a China bull. Avoid China’s bond market as government intervention and debt restructuring presents risks The New York-based hedge fund manager, who invests in companies struggling to repay their debt, says investors should avoid China’s bond market in the wake of the Asian nation’s first default due to government intervention and debt restructuring could lead to losses.  The best way to profit from distressed companies in China is to sell listed stocks, he advised, according to a letter to investors reviewed by ValueWalk. “In China, government involvement is much…