Bloomberg – Asia hedge funds Myriad Asset Management Ltd. and Azentus Capital Management Ltd. held $637 million American depositary receipts in Alibaba Group Holding Ltd. (BABA) at the end of September.
Myriad, which manages more than $3.5 billion, disclosed a $609.1 million holding of ADRs of Asia’s largest Internet company in its 13F filing of U.S.-listed securities to the Securities and Exchange Commission. Azentus, which oversees about $670 million, had almost $28 million of Alibaba ADRs, according to its filing.
