Paul Tudor Jones and Louis More Bacon Establish Bullish China Positions

May 27, 2011

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“Tudor Investment Corp. of Greenwich, Connecticut, and New York-based Moore Capital Management LLC each bought at least 7 million options on the iShares FTSE China 25 Index Fund (FXI) during the quarter ended March 31, according to regulatory filings.”

“A lot of people are taking advantage of the low volatility to make plays,” said Masse, whose Walnut Creek, California-based hedge fund specializes in China. “There is a big reversion trade expected, where the Chinese markets would catch up in terms of performance.”

“Long-term investor sentiment toward China has been turning positive. On May 23, the ratio of put options to call options on the FTSE 25 fell to 0.808, the lowest level since April 2009.”

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