Chinese stocks lost almost $4 trillion in market capitalization in just six weeks between mid-May and early July, taking Value Partners chairman Cheah Cheng Hye on a wild ride as his predominantly China-focused funds faced steep drops in valuation. His $2.4 billion Classic Fund lost about 18 percent of its net asset value, but Cheah remains almost Zen-like in his optimism about China’s longer-term prospects.
