Tybourne Among Asia Hedge Funds Selling Chinese Company ADRs

  • Alibaba, Qunar and iKang among ADR stocks sold by funds
  • A China ADR index rose 16% in the fourth quarter before a drop

Asia-based hedge funds including those managed by Tybourne Capital Management (HK) sold American depository receipts of some Chinese companies in the fourth quarter, seizing a rebound before the slump resumed.

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