During the period of August 1, 2015 to July 31, 2016, Hanerest’s Global Portfolio generated cumulative return of -10.15% and the China Portfolio gained -1.36%. During the same period, MSCI ACWI gained 0.97%, S&P500 gained 5.61% and Shanghai Composite gained -20.90%. … Continue reading 2015-2016 Annual Investment Results