Thursday, September 8, 2016

Meet Wang Bing: Hedge Fund With 2,100% Returns

From DealBreaker:
Wang Bing has one word for you: rebar. Chinese rebar, to be exact. Chinese rebar futures, to be even more exact. He’s turned in a 2,100% return on the stuff over the past year-and-a-half, shorting the hell out of it late last year and then going long in the first half of this year. And Chinese rebar futures don’t just have a great recent past. There’s a great future in rebar. At least if prices dip a little.
He’s looking to re-open bullish bets on rebar when prices fall to around 2,300 yuan a metric ton. The contracts have risen 31 percent this year to 2,338 yuan....

The 'meet Wang Bing' bit is from following one of the tags on the story: