Hedge funds want to divorce Alibaba.

By: Miguel A. Rodriguez

10:19, 26 February 2021

Alibaba, once a fund darling, dumped by Point72, Hillhouse.
  • #Alibaba Group Holding Ltd, once the most valuable company in China, is turning from a global #hedge #fund favorite into something less desirable.
  • #Coinbase, the biggest U.S. #cryptocurrency exchange, moved a step closer to a listing on the #Nasdaq with a filing to go public, revealing that it had swung into profit last year as #Bitcoin surged.
  • #Stocks worldwide clawed back towards record highs on their third day of gains as the dollar dropped to a three-year low, after top #Fed and #ECB officials attempted to talk down rising bond yields.

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