Business
ASX rises; Woolworths falls despite sales growth – afr.com
The Australian sharemarket has opened higher; Federal Reserve holds firm on interest rates, sees less economic risks; Newcrest improves costs, on track for guidance;…
Shanghai Minghong Investment Management, Chinas largest quant hedge fund until recently, said its performance recovered after earlier losses led to the biggest redemptions in its seven-year history.
After dropping 27 per cent in the first quarter, the offshore funds net asset value stayed largely unchanged this month through April 28, founder Qiu Huiming said in a phone interview from Shanghai. The improvement came after adjustments to its trading model last month, he added.
Minghong isnt new to…
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