Why Hong Kong’s SK Hynix fund stayed at full leverage amid market volatility

South Korean investor Carol Kim thought Hong Kong-based CSOP Asset Management’s new flexible leverage structure would cushion losses in its SK Hynix leveraged product, only to take a 77.2 per cent hit after the fund maintained its maximum exposure every day following the revised rules. “I expected the flexible leverage structure to soften the blow, but it actually felt like it was dropping even harder than the product in South Korea,” the 32-year-old Seoul-based retail investor said. The CSOP…