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Billionaire hedge fund manager Daniel Loeb made a big bet on Alibaba

daniel loeb third point

Daniel Loeb's hedge fund, Third Point, took a large stake in Alibaba in the second quarter, according to SEC filings.

The fund bought 4.5 million shares of the Chinese e-commerce giant which are worth about $634.1 million. Loeb also bought a large $654.7 million stake in BlackRock in the period.

Jack Ma, CEO...


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