Archegos Rout Helps China Hedge Fund to 120% Gain This Year

  • Seahawk’s China fund profited from ‘bubble basket’ shorts
  • Bullish bets on fintech consumer lending stocks fueled returns
UBS's Weber Says He's `Deeply Sorry' Over Archegos Loss
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A China-focused hedge fund led by a 30-year-old who started trading as a teenager returned 120% in the first quarter, thanks in part to the unraveling of Bill Hwang’s Archegos Capital Management.