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SINA, 58.com Among Billionaire Lei Zhang’s Big Purchases in Q2

Leading investment management firm Hillhouse Capital Management, founded by billionaire Lei Zhang, invests in various asset classes with a long-term time horizon. The fund uses a fundamental bottom-up approach to stock selection and focuses its investments in the consumer, tech, and healthcare industries.

As of the latest 13F reporting period, Hillhouse Capital Management held a U.S. equity portfolio with positions valued at $3.97 billion, down from $4.58 billion at the end of the March. In this article, we’ll take a look at Hillhouse Capital Management’s five biggest purchases made during second quarter.

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Clearside Biomedical Inc (NASDAQ:CLSD)

– Shares Owned by Hillhouse Capital Management (as of June 30): 600,000

– Value of Hillhouse Capital Management’s Holding (as of June 30): $4.21 million

Hillhouse Capital Management added late-stage clinical biopharmaceutical company Clearside Biomedical Inc (NASDAQ:CLSD) to its portfolio during the second quarter, buying 600,000 shares of the company worth $4.21 million on June 30. Clearside Biomedical, which began trading on the NASDAQ on June 2, reported revenue of $5,000 and a net loss of $0.62 per share for the second quarter. The company recently announced positive results from its phase-2...


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