Asian hedge funds swoop in on shares of China’s sanctioned telecommunication operators, lured by dividend payouts

Jan 12, 2021 | INVESTING

Asia hedge funds including Long Corridor Asset Management bought shares of sanctioned Chinese telecommunications operators, trading against a market sell-off.Long Corridor acquired a small amount of shares, Hong Kong-based Chief Investment Officer James Tu said. At least three other Asia-based managers also purchased shares, lured by handsome dividend yields offered by the already undervalued stocks, said people with knowledge of the matter, who requested not to be named because the matter is…

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