Hedge funds claw back from losses

But comeback may prove difficult as the industry is yet to recover fully

Some of the largest China-focused hedge funds are reversing losses they posted early this year as the stock market recovers, although a comeback remains elusive for the industry as a whole.

The $1.5-billion Greenwoods Golden China Fund and the $728-million Pinpoint China Fund rose in September, extending a rebound that started in mid-2016 after losses earlier in the year, according to updates to investors.