One year ago today, Asia Genesis Asset Management announced it was shutting down. The decision came after a 'disastrous' January of trading that followed several tough months and destroyed the confidence of CIO Chua Soon Hock.
Every trader has gone through struggles and the feeling of losing his edge. This is a raw example of the pain of getting it wrong for a sustained stretch. Notably, Chinese assets and the response of policymakers have continued to confound market participants.
Notably, this blowup marked the bottom for the Hang Seng Index and it has rallied 32% from there. As any trader knows, this only makes the pain worse for Chua Soon Hock. His LinkedIn profile currently shows him as 'retired' but he's still active on the platform and is bullish on the $45 trillion in Chinese savings moving into equity markets.
"Be patient Spring is coming to China stock markets," he
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