China, India hedge funds reverse trends

China-focused hedge funds had a bumper month in July, while India strategies fell back slightly, both going against their trends for the year. This came amid a bad month for hedge funds globally. China funds' 4% return last month put them into positive territory for the year with an overall gain of 0.66%, according to eVestment. That followed last year’s return of 15.89%. That rise may partly be explained by the country's equity market. The CSI 300, which represents stocks on th…