Hayden Capital 2Q21 Commentary: Afterpay
Hayden Capital commentary for the second quarter ended June 2021, discussing their investment in Afterpay Ltd (ASX:APT). Q2 2021 hedge fund letters, conferences and more Dear Partners and Friends, The investing business never gets boring. The latest to rock the markets, is news around China’s recent regulatory crack-down on its education sector, which has affected many Chinese publicly-listed businesses (LINK). Given the sudden nature of the regulations, combined with the anti-trust actions of the past year (Ant Financial’s cancelled IPO, forcing Meituan to raise delivery staff’s wages, prying...