(TheStreet.com) A hedge fund manager with close ties to Alibaba chairman Joseph Tsai hopes to add a little George Soros magic, teaming with two partners from the Soros family office to form a new management firm.
Dubbed Old Farm Partners, the New York-based firm was co-founded earlier this year by John Barry Purcell, the former chief operating officer of Tsai’s Blue Pool Capital. Joining Purcell are partners Kieran Cavanna and Nishi Shah, both most recently of George Soros’ family investing office, Soros Fund Management.
The Hong Kong-based Blue Pool, controlled by Tsai, reputedly also manages the funds of other Alibaba Holdings ( BABA) founders. Alibaba co-founder and CEO Jack Ma is worth more than $33 billion.
