HONG KONG : Man GLG, the discretionary investment unit of the world's largest publicly traded hedge fund, has gone 'underweight' on China after cutting holdings there since January, while pursuing opportunities such as India and AI, a senior fund manager said.As China's recovery prospects fade, dashing th
HONG KONG : Man GLG, the discretionary investment unit of the world's largest publicly traded hedge fund, has gone"underweight" on China after cutting holdings there since January, while pursuing opportunities such as India and AI, a senior fund manager said.
He also pointed to the explosive development of artificial intelligence as the biggest surprise of the year so far, and is adding Taiwan semiconductors to be better positioned for the AI revolution. Hedge funds' net allocations to China have steadily declined from their recent peak at the end of January, Goldman Sachs said in a note last week, while foreign buying has picked up strongly since April elsewhere in North Asia and in India.
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