Aaron Boesky:Shanghai A-share index below 2,475 I promise to run the streets in my under shorts

Boesky risks exposure if China stocks flop




Aaron Boesky of Marco Polo Pure Investments is calling a 3,500-4,000 point level for the Shanghai market at the end of 2010. If the index finishes this year lower than it is today, he pledges to AsianInvestor that he will run around Hong Kong in his underwear.

By Simon Osborne
7 July 2010

Keywords: aaron boesky
marco polo
china

The Shanghai index has fallen more than 30% since its recent peak in August last year. Enough already, says Aaron Boesky, chief executive of Marco Polo Pure Investments in Hong Kong, who has made what he claims to be his most high-conviction call ever that this is a market bottom.



Lots of money managers, pundits and hedgemites make bullish calls. We hear them all the time and never punish anyone for getting it wrong. We must and will.



Will Boesky put his money -- or in this case, his trousers -- where his mouth is?



And if you're wrong? What if the market ends 2010 lower than today?

We hold, and continue to try and raise capital, while we await the Chinese investors' return to the market.



Come on, you've just made what you say is one of your biggest calls ever. That doesn't sound like a very big reaction should you get that call wrong...

We will continue doing what we do and investing for the long term in a market we truly believe in...



No, I am not satisfied.

Ok, ok. I will make a wager with you Simon. If we are right in saying the market finishes the year with an impressive rally to over 3,500 points, you tell your readers in a nice piece that we made the call of the year.



If we are wrong and it finishes the year below the July 5 close of 2,475 for the Shanghai A-share index, I promise to run the streets of Hong Kong dressed only in my under-shorts. Is that enough skin in the game for you?