Reuters – Top U.S. hedge fund managers increased their stakes in Alibaba Group Holding Ltd (BABA.N) at the end of the first quarter, positioning themselves to take advantage of any upswing after the Chinese e-commerce company’s stock took a beating after a surprise revenue miss in January.
Soros Fund Management LLC, Tiger Global Management LLC, Viking Global Investors LP and Moore Capital Management LP were among those that added to their position in Alibaba. Farallon Capital Management LLC took a fresh stake in the company, buying 221,000 shares valued at $18.4 million.
