Perseverance Asset Management, one of China's largest hedge funds, has advised its clients to consider redeeming their investments due to the increasing risks associated with the potential return of Donald Trump to the White House.

The Shanghai-based firm, which manages over 100 billion yuan (approximately $14 billion), has emphasized the importance of securing gains after positive returns in its products.

In a notice distributed to financial distributors, Deng Xiaofeng, the fund's star manager, has highlighted the need for caution in light of the uncertainties surrounding the upcoming U.S. election results.

This advisory reflects the growing concerns among investors about the potential impact of Trump's policies on China's economy and markets, leading to a strategic reassessment.