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After seven successive months of positive returns China A shares finally took a dive during the month with the CSI 300 Index tumbling 24.2%. Equity long/shorts navigated the difficult markets with varying degrees of success.
Eastern Bay Marathon was down 7.14% on the month but is still up 19.7% over three months while China Dragon Engine was up 0.45% during August to leave three-month numbers at 19.38%.
Maoming Fund was up 5.78% on the month leaving three-month numbers at 11.58%.
Foundation China Opportunity was down 3.25% to put three-month figures at 11.3%. Following the correction, Foundations managers believe