Category: Bargains
-
David Tepper Scoops Up Alibaba as Hedge Funds Hunt for Bargains in China
•
Investorempires.com(Bloomberg) — Billionaire investor David Tepper capitalized on faltering Chinese stocks last quarter while trimming his stakes in high-flying U.S. technology companies, leading hedge fund managers who are slowly warming to China amid a record gap in valuations between the two markets. Most read from Bloomberg Tepper’s Appaloosa Management doubled…