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Harvest's customers fail to reap rewards

The Chinese fund house's $5 billion growth fund suffers mass redemptions as it struggles to provide positive returns.
China's investors are learning the hard way that size does matter...but not the way they might think. Beijing-based Harvest Fund Management launched the nation's biggest-ever fund near the peak of China's A-share frenzy in early December. This was a record-smashing blockbuster by any metric, not just for China but worldwide. Not only was it big, raising RMB40 billion ($5.1 billion), but doing so within hours in a single day.Mainland sources suggest, however, the Harvest Strategic Grow…
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