For the past 20 years, Gang Hu has traded Treasury inflation protected securities and related derivatives instruments, working for big firms like PIMCO and Barclays before starting his own New York hedge fund, WinShore Capital Partners. During most of his career, inflation wasn’t much of a factor in financial markets and few took notice of what traders like Hu were up to in the so-called fixings market. But as inflation roared back in 2021 and 2022, it has paid to watch the bets that Hu and his counterparts at other firms…