MOSCOW, November 15 (Sputnik) — Several major hedge funds, including Third Point, Viking Global Investors, Paulson & Co. and Soros Fund Management, said they have large stakes in the Chinese online commerce website, Alibaba, when filing documentation to the Securities and Exchange Commission Friday.
Alibaba, which conducted a successful IPO earlier this year, has drawn attention of several hedge funds, as evidenced by the documents filed on 14 November to the United States’ Securities and Exchange Commission (SEC). The SEC is a financial market regulatory body, and it requires quarterly filings, known as ‘Form 13F’, from the biggest money managing enterprises regarding their financial assets traded in America.
New York-based Third Point LLC, founded by Daniel Loeb in 1995, now managing a portfolio of assets worth $10 billion and returning over 25 percent to investors each year, has reported an Alibaba stake of 7.2 million shares worth $639.72 million.
New York-based Paulson & Co, an expert in "global merger, event arbitrage and credit strategies" and which also has offices in London and Hong Kong, managing $18 billion worth of assets, also reported a stake in Alibaba of 1.903 million shares worth $169 million.
Among other hedge funds reported as having a stake in Alibaba are Viking Global Investors (11 million shares), Soros Fund Management (4.4 million shares), a Chinese enterprise Tiger Management (1.2 million shares) and Moore Capital (1.5 million shares).
During this year’s IPO Alibaba raised $22 billion.