WSJ – A former SAC Capital Advisors LP portfolio manager is preparing to launch a hedge fund in Hong Kong with a co-founder of Alibaba Group Holding Ltd. as a potential backer, people familiar with the matter said.
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.
