Hedge fund Grandmaster sees stock market crash in China

Former chess grandmaster-turned hedge fund manager Patrick Wolff is betting on a stock market crash in China, where he says corruption and bad debts have spiraled to dangerous levels.

Speaking to Reuters on the sidelines of the GAIM conference in Monaco, Wolff said investors were too focused on trying to work out when easy money policies will taper off in the United States and ignoring a looming correction in China.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1265652/hedge-fund-grandmaster-sees-stock-market-crash