May
18

Tiger Cubs Lead Hedge-Fund Stampede Into China’s Red-Hot JD.com

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JD.com WarehouseA worker looks at a mobile device as he places a package onto a conveyer at a JD.com Inc. warehouse in Shanghai. Photographer: Tomohiro Ohsumi/Bloomberg

Hedge funds can’t get enough of JD.com Inc.

Tiger cubs including Lone Pine Capital, so-named because their founders worked for billionaire Julian Robertson’s Tiger Management, helped lead a rush into the Chinese online retailer’s American depositary shares in the first quarter. Hedge funds hold a record 44 percent, based on publicly disclosed holdings. That’s more than they own in any of the 217 other U.S.-listed companies valued at more than $25 billion…

Tiger Cubs Lead Hedge-Fund Stampede Into China’s Red-Hot JD.com

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