Merely 'good' deals are not good enough for Galaxy
There are more opportunities in China now, but it's harder to find very attractive ones, argues Joe Chan of Galaxy Asset Management.
Joe Chan is the managing director of Hong Kong-based Galaxy Asset Management, a hedge fund that runs three funds, the Galaxy China Special Situations Fund, the Galaxy China Opportunities Fund and the Galaxy China Deep Value Fund. The latter pulled off a 257% return in 2009, making it one of the world's best-performing hedge funds.
Is China overheating?The overall economy in China is not all that overheated. The country has been growing at this level of 8%-plus growth for some years. …
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