Anatole Investment Management Ltd’s flagship hedge fund has changed tack and adopted a more defensive investment stance in a bid to stem recent losses, according to a report by Bloomberg.
Anatole Investment Management Ltd’s flagship hedge fund has changed tack and adopted a more defensive investment stance in a bid to stem recent losses, according to a report by Bloomberg.
Anatole is based in Hong Kong and manages $1.9 billion.
The fund was forced to act after suffering losses of around 22% so far in 2022 on the back of bullish bets on Chinese stocks. Having now scaled back its exposure, the fund is thought to have cut losses to less than half a percentage point in April.
Bloomberg data based on regulatory filings reveals that the firm exited 12 US-listed holdings in the first quarter, including Chinese group-buying company Pinduoduo Inc and data centre operator GDS Holdings, as well as Dutch-US data search firm Elastic NV and US analytics company Amplitude Inc.
