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By Nell Mackenzie LONDON (Reuters – Hedge fund EDL Capital is betting on further falls for China’s offshore currency and says the yuan’s slide could be the next “black swan event” to rattle world markets, according to an investor presentation this month seen by Reuters. The U.S. dollar has strengthened roughly 6% against the offshore …

China’s sliding yuan could be next ‘black swan event’ for markets, hedge fund EDL says Read More »

BEIJING/SHANGHAI (Reuters) – A liquidity crisis at one of China’s top asset managers Zhongzhi Enterprise Group has fuelled worries that the country’s deepening property sector crisis is spilling over into its $57 trillion financial industry, even as the economy is weakening. The group will conduct a debt restructuring, investors sources told Reuters after being briefed …

Factbox-Five facts about China asset manager whose troubles fanned spillover fears Read More »

By Carolina Mandl NEW YORK (Reuters) – Global hedge funds “aggressively” sold Chinese stocks amid heightened concerns over the country’s property sector and a weak batch of economic data, a Goldman Sachs report on Tuesday showed. All types of stocks were sold in early August, but A-shares, those listed in the domestic stock market, led …

Hedge funds dumped Chinese stocks in August, says Goldman Read More »

SHANGHAI (Reuters) -Anxious Chinese retail investors are bombarding listed companies with questions about their exposure to Zhongrong International Trust Co after missed payments by the trust company triggered fears of contagion across the country’s financial system. Investors had submitted more than 100 questions to dozens of Shanghai- and Shenzhen-listed companies via investor relation platforms asking …

Zhongrong Trust’s missed payments trigger fears among Chinese investors Read More »

ZURICH (Reuters) – Global wealth, as measured in personal holdings of assets from real estate to stocks and shares, is projected to rise 38% by 2027, driven largely by emerging markets, a study published by Credit Suisse and UBS showed on Tuesday. The annual Global Wealth Report, which estimates the wealth holdings of 5.4 billion …

Global wealth projected to rise 38% by 2027, despite recent decline – study Read More »

By Nell Mackenzie LONDON (Reuters) – Most investors still award bonuses to hedge funds even if their investments do not earn as much as a bank savings account would, Goldman Sachs said in a note to clients. Only 11% of the 340 investors with $1 trillion in assets surveyed have renegotiated the minimum returns hedge …

Hedge funds land bonuses despite returns below bank savings rates -Goldman Read More »

By Chris Taylor NEW YORK (Reuters) – When Valentina Valentini was putting together gift ideas for her wedding, the freelance journalist quickly realized that a traditional registry would not work. With an apartment in London but a ceremony in California, the newlyweds would either need to fly across an ocean with a ton of stuff, …

The ultimate wedding gift? Newlyweds want cash for a down payment Read More »