China-focused hedge funds bounced back from their worst performance in five years and trounced global counterparts. After an annual loss last year, Greater China hedge funds added more than 13 percent on average in the first half of 2017 to rank among the top-performing strategies in the world, according to preliminary data from Eurekahedge. Hedge funds from Greenwoods Asset Management, Springs Capital and SPQ Asia Capital were among standout performers with gains of 20 percent or more. Hedge funds worldwide are struggling with investor redemptions after central bank intervention suppressed volatility and sapped returns. China funds were a rare pocket...