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HONG KONG — Asian hedge funds are heading for their worst showing in decades, with short-term stock pickers misled by volatility in China, while macro-strategy funds driving major global shifts in interest rates shine.
China loosened rigid COVID-19 movement and testing controls, but the unexpected fallout from Beijing’s efforts to reduce economic inequality and President Xi Jinping’s consolidation of power were some of the factors dragging the performance of top managers with

