#DrMirkoWormuth, 🇨🇳 🇩🇪 After 23 Years In China, Now Back In Germany | Entrepreneur | Fund Manager: "Sad Stories From The China Investing Front Line. Even The Most Experienced Investors Are Throwing In The Towel..."

Dr. Mirko Wormuth on LinkedIn: 🇨🇳 💥 💣 Sad stories from the China investing front line. Even the most… | 10 comments

🇨🇳 💥 💣 Sad stories from the China investing front line. Even the most experienced investors are throwing in the towel. 🧨 Chua Soon Hock, CIO Asia Genesis… | 10 comments on LinkedIn

LinkedInDr. Mirko Wormuth

"🇨🇳 💥 💣 Sad stories from the China investing front line. Even the most experienced investors are throwing in the towel.

🧨 Chua Soon Hock, CIO Asia Genesis Asset Management, just closed his fund, writing to his investors:👇

✅ 'I am writing to you with a heavy heart and utmost regret. My confidence as a trader is lost.'

✅ 'The recent rough trading has proven that my past experience is no longer valid and instead, is working against me. I have lost my knowledge, trading and psychological edge.'

✅ 'I still do not understand the inconsistency of China policy makers not fighting against deflation.'

✅ 'The principle of risk-reward for both the short-term and long-term has turned its head.'

Hedge Fund Stars Who Got China Wrong Are Paying a Big Price

For veteran hedge fund investor Chua Soon Hock, 2024 was supposed to herald a multi-year rise in Chinese stocks and the opportunity of a lifetime. Instead, his fund’s sudden demise sends a warning to fellow China bulls: stick to your guns at your peril.

BloombergBloomberg News