Ex-SAC Trader Shutters Hedge Fund Backed by Alibaba Founders

(Bloomberg) Andrew Bazarian, a former employee at billionaire investor Steven A. Cohen’s firm, will shut his Asia-focused hedge fund whose backers include a firm that invests money for Alibaba Group Holding Ltd. executives, according to people familiar with the matter….Bazarian opted to close Pinyin Capital Management Hong Kong Ltd.’s hedge fund after it lost money this year.

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