Asian Hedge Funds Win Big From Tesla’s Stock Surge

Asian Hedge Funds Win Big From Tesla’s Stock Surge

OilPrice.com

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Tesla’s soaring stock this year was the key driver of the returns of several hedge funds based in Asia which had either bought Tesla shares at the dip last year or held the EV maker’s stock for years. According to executives at the hedge funds and a person with knowledge of the returns who spoke to Bloomberg, Hong Kong-based funds Optimus Prime Asset Management and CloudAlpha Capital Management, as well as Singapore’s Golden Horse Fund Management Pte, saw their bets on buying and/or owning Tesla shares pay off in January, when…

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