Hedge funds Scion Asset Management, the firm run by “Big Short” investor Michael Burry, Farallon Capital Management, and Coatue Management are among the big name firms who made large bets on Chinese companies in January, ahead of the country abandoning its ‘zero Covid’ restrictions, according to a report by Reuters.
The report cites the lates 13F securities filings released on Tuesday as revealing that Burry, who famously bet against the US sub-prime mortgage market which triggered the 2008 financial crisis, acquired 75,000 shares in Chinese e-commerce company JD.com Inc and 50,000 shares in Chinese tech giant Alibaba.com.
Coatue meanwhile, acquired a new holding of 4,796,186 Alibaba shares plus 1,221,551 shares of JD.com, while Farallon added 2,197,000 Alibaba shares to its portfolio.
