Trump’s trade war has hedge funds diving for cover in China

U.S. President Donald Trump takes part in a working lunch with governors in the Roosevelt Room at the White House in Washington, U.S., June 21, 2018. REUTERS/Leah Millis

DONALD Trump’s threats of a trade war with China is sending jitters through the hedge-fund community.

Pinpoint Asset Management and SPQ Asia Capital have recently cut a measure of risk called net exposure – the difference between bullish and bearish bets – for hedge funds that invest in China.