Crescat Capital Quarterly Investor Letter Q3 2015

Download Letter (PDF)August 26, 2015Crescat Capital’s Quarterly Investor Letter, Q3 2015Dear Investors,China’s economic crisis is in full swing and Crescat has been well positioned for it. The People’s Bank of China has begun unpegging its currency this month, just as Crescat had been predicting. As we explain below, we think it is only the beginning of further yuan devaluation. Through […]