Grandmaster Capital’s Patrick Wolff predicts prolonged slowdown for China

July 29th, 2012
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Grandmaster Capital Management’s Patrick Wolff is not only predicting a continued slow-down for China’s economy, he also believes that China is entering a pro-longed period when it will grow slower than the developed world. In Wolf’s most recent letter to investors he even proclaimed that “China’s economic goose is cooked.”

According to the Wall Street Journal, Patrick Wolff 's expectations for China contrast sharply with the overall investment community which is predicting that China’s economy will grow by 8.2% this year. While KKR & Co.’s head of global macro Henry McVey acknowledges trouble ahead for China, he sees opportunities, especially among consumer-related companies.

Grandmaster Capital fell 0.3% during the Q2 2012, but the firm was up 13.8% year-to-date. Prior to founding Grandmaster Capital, Wolff was a managing director and portfolio manager at Peter Thiel's global macro focused Clarium Capital. Mr. Thiel, who founded Paypal, reportedly seeded Grandmaster Capital with $50 million.
For Detailed Investor Profiles on these Investors, click below:
Grandmaster Capital Management
Clarium Capital Management
Related People: Jack Selby; Patrick Wolff; Peter Thiel
Related Entities: Clarium Capital*; Grand Master Capital Management LLC; Grandmaster Capital Fund Ltd; Grandmaster Capital Management LLC; Peter Thiel (Seed Investor); Clarium Capital; Clarium LP; Grandmaster Capital Fund, LLC
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


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