China stock trading to stay ‘messy’, says hedge fund

China’s equity markets will remain “messy” in the coming months as the world’s second-largest economy adjusts its currency, according to Pierre Lagrange, co-founder of hedge fund GLG Partners and the chairman of Man Group’s Asian business.

“We still need to let the volatility play its course,” Mr Lagrange said yesterday.

“The equities we are focusing on are going to be hostage to what is happening with the currency. It’s still very messy.”