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Shanghai, Hong Kong Rally Puts China In Play
A glut of lending causes a rally in Shanghai and a surge in Hong Kong.
Thomas Grossman likes these kinds of markets — traders’ markets. Grossman, who in 2000 founded the international equity desk at Stamford, Connecticut–based SAC Capital Advisors, which has $12 billion in assets, and who now runs $100 million emerging-markets hedge fund firm Union Avenue Advisors, revels in volatility. He found just
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