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Top related persons:
Morgan Stanley - 1 Gilbert Wong - 1 Stocks - 1 Goldman Sachs - 1 Summer Zhen - 1 Edwina Gibbs - 1
Top related locs:
HONG KONG China Hong Kong U.S
Top related orgs:
Global - 1 Investors - 1 CSI - 1 HK - 1 China Construction Bank - 1 Baidu - 1 AIA - 1 Thomson - 1

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2 mentions found


☆ Global funds dumped another $3 bln in China stocks in Oct -Morgan Stanley
  + stars: | 2023-11-06 | by ( Summer Zhen | ) www.reuters.com   time to read: +1 min
HONG KONG, Nov 6 (Reuters) - Global fund managers sold China equities sharply in October despite further steps from authorities aimed at boosting the world's second-largest economy, according to a report from Morgan Stanley that cited data from fund flow tracker EPFR. "The outflows (are) mostly due to regional funds' rebalancing out of China, in which European-domiciled funds led," Morgan Stanley analysts led by Gilbert Wong said. According to Morgan Stanley, persistent outflows have resulted in foreign long-only managers being their most underweight on China since 2018. Stocks sold off include JD.com (9618.HK), Xiaomi (1810.HK) and China Construction Bank (601939.SS). Separately, Goldman Sachs prime services data showed hedge fund net allocation to China increased to 8.5% as of end-October, up from 8.1% at end-September.
Persons: Morgan Stanley, Gilbert Wong, Stocks, Goldman Sachs, Summer Zhen, Edwina Gibbs Organizations: Global, Reuters, Investors, CSI, HK, China Construction Bank, Baidu, AIA, Thomson Locations: HONG KONG, China, Hong Kong, U.S
☆ Hedge funds whiplashed in wild March markets
  + stars: | 2023-03-17 | by ( Summer Zhen Nell Mackenzie Yoruk Bahceli | Summer Zhen | Nell Mackenzie | ) www.reuters.com   time to read: +5 min
Commodity trading advisers (CTAs) - funds that try to profit by buying or selling when there is a clear direction in markets - slumped 4.3% in the three days to Monday, according to analysis from UBS. "We have seen certainly on (last) Friday and Monday capitulation trades from hedge funds, so all hedge funds have been short duration positioned and we have heard a lot of desks needed to shut down their risk," said Kaspar Hense, a senior portfolio manager at BlueBay Asset Management. Hedge funds felt this "brutally" in Japanese markets, Hense said, where positioning from hedge funds and CTAs had been particularly "one sided" in anticipation of an end to the Bank of Japan's yield curve control policy. British macro hedge fund manager Crispin Odey's main fund posted a minus 4.7% February performance and is down 3% so far this year, said a note from his hedge fund to clients. Very few macro economic funds tracked by bank research seen by Reuters have reported March numbers.
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