Hedge Funds Generate Strong Returns From China Bets

At the start of 2025, hedge funds focused on China delivered strong returns as several managers benefited from a market rebound. Bridgewater's China Total Returns fund returned 34.2%, Tekne Capital rose over 50%, and average China-focused funds gained about 18% last year, driven by Chinese stimulus, corporate buybacks, ByteDance's rising valuation, and renewed Nvidia chip sales.