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Third Point and Moore among top Alibaba buyers in Q1

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Moore Capital Management and Third Point were among the hedge funds to make bullish bets on Alibaba Group Holding Ltd in the first quarter of this year, along with money manager Michael “Big Short” Burry, according to a report by Bloomberg.

Moore Capital Management and Third Point were among the hedge funds to make bullish bets on Alibaba Group Holding Ltd in the first quarter of this year, along with money manager Michael “Big Short” Burry, according to a report by Bloomberg.

The report cites analysis of 13F filings as revealing that the funds were among the biggest buyers of the Chinese e-commerce giant’s stock in Q1, with six Asia-based hedge firms accounting for nearly half of Alibaba ADRs offloaded by hedge fund sellers over the quarter.

The Asian-based sellers were Simon Sadler’s Segantii Capital Management Ltd, and Alpine Investment Management Ltd, along with Tairen Capital Ltd, Prime Capital Management Co Ltd and CoreView Capital Management Ltd.
 
One Asia-based firm joined the top 10 buyers meanwhile, Hermes Li’s Aspex Management (HK) Ltd.

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