David Tepper Scoops Up Alibaba as Hedge Funds Hunt for Bargains in China
(Bloomberg) — Billionaire investor David Tepper loaded up on beaten-down Chinese stocks last quarter while reducing stakes in high-flying US tech firms, leading hedge fund managers who are slowly warming up to China amid a record gap in valuations between the two markets. Most Read from Bloomberg Tepper’s Appaloosa Management more than doubled its investment