This $100 Million Hedge Fund Has Shorted China Stock Futures
- Timefolio says ‘National Team’ may not help market on Monday
- Tariffs would need to be canceled to boost equities, CEO says
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A $100 million hedge fund is betting that the outcome of U.S.-China trade talks won’t be positive enough to lift stocks on Monday.
“We shorted Chinese stock futures” on Friday, Jae Lee, chief executive officer at Timefolio Asset Management SG Pvt, a hedge fund with a China equity long-short strategy, said in a telephone interview from Singapore on Friday. “If you want to see stocks rise on Monday, there needs to be news like cancellation of the tariffs.”