Alibaba’s Joe Tsai amongs Possible Investor for Hong Kong Hedge Fund
Alibaba co-founder Joe Tsai is among the possible investors for a Hong Kong Hedge Fund to be launched by a former SAC Capital Advisors LP portfolio manager.
Andrew
Bazarian, a 10-year veteran of SAC, left the firm's Hong Kong office in
March and is readying a fund that will bet on rising and falling
stocks. Alibaba co-founder Joe Tsai is among the possible investors,
people familiar with the launch said. Mr. Tsai hasn't committed a sum
and any investment would be made from his personal wealth, they added.
The
Hong Kong hedge-fund community has been abuzz over the possible
involvement of Mr. Tsai, who is no stranger to the industry as a partner
in Asia-focused hedge fund Blue Pool Capital.
Rarely
under the spotlight like Alibaba chairman Jack Ma, who has
celebrity-like status in China, Mr. Tsai has played a crucial role as
the e-commerce company's chief deal maker and financial operator. He has
been an important decision maker in Alibaba's upcoming initial public
offering in the U.S., which is expected to raise roughly $15 billion
from investors.
Source: Wall Street Journal
