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China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

June 2004

Sandra Manzke

by Peter Koh


Sandra Manzke
Sandra Manzke is something of a legend in the hedge fund industry. The founder of Tremont Capital Management, she was an influential figure from the outset, with the knack of spotting talented managers such as Peter Lynch, founder of the Magellan fund, before they became famous.

Tremont was the first major investment consultancy to focus on hedge funds, making its first investment 20 years ago. Under Manzke, it developed the first market-cap-weighted hedge fund index.

Tremont?s history of doing things differently seems to be a direct reflection of Manzke?s somewhat iconoclastic character. There cannot be many investment consultants who joined the industry straight from film school nor...


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