Hong Kong hedge fund forecasts HSI drop
Managers of the China Eagle Fund say it is time to be cautious on net exposure, with the Hang Seng Index seen as 10% overvalued.
The Hang Seng Index has gotten ahead of itself and is set for a 10% fall, say managers at Hong Kong hedge fund China Eagle Asset Management.
The portfolio managers of China Eagle Fund are Yuming Ying and Jason Yang who initially met while working for the Dragon Billion fund several years ago.
Ying then became a managing director at China Construction Bank’s asset management arm and Yang most recently worked as a portfolio manager with China Bocom Insurance Company, the overseas insura…
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