...Xi’s penchant for attacking anyone in the private sector who showed signs of getting too powerful was also a headwind, to put it mildly.
By year’s end, Hindsight’s trade of selling the CSI 300 composite of mainland China stocks short (down 16.6%) and putting the money into the Bloomberg Magnificent 7 index (up 107.3%) had made a profit of 148%. This is how the two arms of the trade played out:
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