Bolton hits back as Hendry warns China 'will collapse by 2015'

Fund manager heavyweights Hugh Hendry and Anthony Bolton have clashed on the outlook for China.

In an interview with Bloomberg Markets magazine, hedge fund specialist and Eclectica founder Hendry warned Japan is a ‘nuclear bomb' strapped to the global economy, while China could collapse by 2015. In response, veteran investor Bolton, the manager of the Fidelity China Special Situations trust, acknowledges China faces challenges, but says these do not outweight the country's bull points. Hendry is continuing to buy credit default swap protection on corporate bonds issued by Japanese industrial names as a play against China. He believes the Chinese economy is threatened by softe...