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07-09-2017, 02:00 PM
Investor Who Lost Millions Finally Gives Up on His China Bet
By Saijel Kishan
September 7, 2017, 8:11 AM GMT+8
Mark Hart spent seven years and $240 million waiting on a crash in China’s currency.
He lost sleep. He lost clients. He damn near lost his sanity.
And now he’s lost his conviction: Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
His reversal hasn’t come easily. From his base in Fort Worth, Texas, the hedge fund manager spent countless nights on the line to Hong Kong, parsing market news and exchange rates. At times, the stress took a toll on Hart’s personal life and left his employees demoralized.
More details in https://www.bloomberg.com/news/articles/...r-gives-in
By Saijel Kishan
September 7, 2017, 8:11 AM GMT+8
Mark Hart spent seven years and $240 million waiting on a crash in China’s currency.
He lost sleep. He lost clients. He damn near lost his sanity.
And now he’s lost his conviction: Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
His reversal hasn’t come easily. From his base in Fort Worth, Texas, the hedge fund manager spent countless nights on the line to Hong Kong, parsing market news and exchange rates. At times, the stress took a toll on Hart’s personal life and left his employees demoralized.
More details in https://www.bloomberg.com/news/articles/...r-gives-in
Specuvestor: Asset - Business - Structure.