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Hedge fund’s $250 million bet values Alibaba at up to $200 billion

CNBC – A rising hedge fund star has made a big bet on Chinese e-commerce site Alibaba, believing the company will be worth at least $200 billion when it goes public.

Glade Brook Capital Partners, the hedge fund firm founded in 2011 by Shumway Capital Partners veteran Paul Hudson, has amassed a roughly $250 million stake in private shares of Alibaba, according to a person familiar with the situation.

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