Asia Hedge Funds Outperform Global Peers on September Rally [Yahoo! Finance Canada]
Futu Holdings Limited - American Depositary Shares (FUTU)
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Source: Yahoo! Finance Canada
(Bloomberg) -- A surge in Chinese stocks last month helped Asia hedge funds pull ahead of global peers for the first three quarters, after three years of trailing performance. Most Read from Bloomberg Quantedge Capital Pte., Will Li's Ocean Arete Ltd. and Timothy Wang's Monolith Management were among funds whose wagers on China's introduction of more aggressive stimulus paid off. September gains of almost 5% pushed Asia fund returns to 9.7% for the first nine months of the year, outpacing the 8.1% average increase for peers globally, according to Eurekahedge Pte indexes. They delivered nearly 4.9% in gains in September compared with 1.5% for the global average. The Fed's half-point rate cut last month paved the way for China to announce a barrage of easing measures without having to worry about a sharp depreciation of its currency. The MSCI China Index jumped 23% in September, the most in almost two years, as Beijing cut banks' reserve requirements and allowed millions of hou
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FUTU
Sec Filings
- 12/12/24 - Form 144/A
- 12/9/24 - Form 144
- 11/19/24 - Form 6-K
- FUTU's page on the SEC website