More funds joined George Soros’s investment firm in lightening their exposure to U.S.-listed Chinese companies in the second quarter, dodging a selloff prompted by a state crackdown on everything from ride-hailing to education companies.
D1 Capital Partners, the investment firm run by Dan Sundheim, sold its 25 million shares in New Oriental Education & Technology Group Inc., while Soroban Capital Partners, the hedge fund firm co-founded by Eric Mandelblatt, exited its 2.06-million-share stake in Alibaba Group Holding Ltd., according to filings with the U.S. Securities and Exchange Commission.
"Exit" - Google News
August 17, 2021 at 02:49PM
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Soros Joined by D1, Soroban in Timely Exit of Chinese Stakes - Bloomberg
"Exit" - Google News
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