SHANGHAI: A top-performing Chinese macro hedge fund has slashed its holdings in property stocks, as their declines hurt returns just two months after predicting a major rebound in the sector. Shanghai Banxia Investment Management Centre's flagship Banxia Macro Fund slumped 9.8% in May, the biggest monthly loss since at least 2018, after it sold property-related shares and cut commodities positions, according to a letter to investors, seen by Bloomberg News. China is considering new measures to support the property market after existing policies failed to sustain a revival.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-06-14-story-h-267844796-One_of_China_s_top_hedge_funds_unwinds_bet_on_property_rebound

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