Nov
17

Tybourne, Myriad Among Largest Hedge-Fund Buyers of Alibaba

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  • Tybourne bought 5 million Alibaba ADRs in third quarter
  • Myriad added 1 million ADRs in the Chinese e-commerce giant

Tybourne Capital Managment (HK) and Myriad Asset Management were among the largest hedge-fund buyers of Alibaba Group Holding Ltd. shares in the third quarter, before the Chinese e-commerce giant rallied more than 30 percent.

Tybourne, founded by a former Asia head of Lone Pine Capital in Hong Kong, purchased 5 million American depository receipts, the single-largest hedge-fund buyer in the three months ended Sept. 30, according to data compiled by Bloomberg from regulatory filings. Myriad, also based in Hong Kong and led by a former regional head of Highbridge Capital Management, added more than 1 million Alibaba ADRs, bringing its stake to 1.5 million shares…

Tybourne, Myriad Among Largest Hedge-Fund Buyers of Alibaba

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