Asia First – Months after several hedge fund managers piled into Alibaba following its record USD25bn IPO in September, several of the biggest US hedge fund managers have exited the Chinese’ e-commerce firm at the end of 2014 as the company missed its Q4 revenue target.
According to US regulatory filings, among the biggest hedge fund managers that slashed or dissolved their stake in Alibaba were Leon Cooperman’s Omega Advisors, David Tepper’s Appaloosa Management and Barry Rosenstein’s Jana Partners LLC. Tiger Management, Moore Capital Management and Viking Global Investors LP decreased their stakes from the prior quarter.
