hedge fund portfolio rebalancing

1 articles
BenzingaBenzinga··Lekha Gupta

Loeb's Third Point Exits Amazon, Bets Big on Alibaba Turnaround

Billionaire Daniel Loeb's Third Point trimmed Amazon stake by 23% while opening new Alibaba position, signaling shifting bets on AI and e-commerce leadership.
AMZNBABAAI investmentcloud infrastructure