Latest news with #KarenKarniol-Tambour
South China Morning Post
14-02-2025
- Business
- South China Morning Post
Bridgewater misses rally after pruning Alibaba, adding bets on Li Auto, Baidu
Bridgewater Associates trimmed most of its holdings in US-listed Chinese stocks last quarter, including bets on Alibaba Group Holding and Group, partly missing a market rally fuelled by Beijing's stimulus blitz and DeepSeek's artificial intelligence (AI) breakthrough. The world's biggest hedge fund cut half of its position in Alibaba from the preceding three months, 14 per cent of its stake in Tencent Music, and 25 per cent of its bet on video streamer iQiyi, according to its 13F filing on Thursday. The firm also reduced its holdings in e-commerce platform operator PDD Holdings, travel operator Group and restaurant chain operator Yum China. The firm instead scored big wins by boosting its purchases of electric vehicle (EV) maker Li Auto by 131 per cent and search-engine firm Baidu by 72 per cent as their market value surged in New York. A 29 per cent top-up in EV maker Nio failed to pay off as the stock slipped. 05:10 Chinese AI disrupter DeepSeek claims top spot in US App Store, dethroning ChatGPT Chinese AI disrupter DeepSeek claims top spot in US App Store, dethroning ChatGPT Bridgewater disclosed a total of 691 positions in public equities worth US$21.8 billion in the 13F filing, which was part of its US$172 billion of assets under management globally. The firm owned US$2.2 billion worth of shares in the 'Magnificent Seven' US tech giants, whose combined value was little changed from the September quarter. Benchmarks tracking Chinese markets recorded world-beating gains last quarter as bullish funds including Appaloosa Management and Michael Burry's Scion Asset Management loaded up on Alibaba and Baidu. Bridgewater's mixed returns came amid a cautious outlook and concerns over a trade war with the US. While China's stimulus blitz suggested it would not allow its markets to crash, policymakers in Beijing 'have a lot more to deliver' , said Karen Karniol-Tambour, a co-CIO at Bridgewater. Ideological differences may be a hindrance, she added in an October 10 podcast. 01:20 China's Alibaba releases new AI model, said to outperform competitors Deepseek and OpenAI's GPT-4o China's Alibaba releases new AI model, said to outperform competitors Deepseek and OpenAI's GPT-4o The money manager founded by China bull Ray Dalio cut half of its stake in Alibaba. The e-commerce platform operator, which owns the Post, surged this week to the highest level in three years in Hong Kong after unveiling a tie up with Apple to develop AI features for iPhones.
Bloomberg
28-01-2025
- Business
- Bloomberg
Bridgewater's Karniol-Tambour Says Growth Outlook Favors Stocks
By and Denitsa Tsekova Save Bridgewater Associates co-chief investment officer Karen Karniol-Tambour said she favors equities over bonds as the resilient economy threatens to keep inflation elevated. 'You are, on the margin, more likely to get a strong growth and stronger-than-expected inflation environment,' the executive said Tuesday at the iConnections Global Alts conference in Miami Beach. 'But that could change quickly because with the amount of policy uncertainty you have, it's not hard to imagine one policy change really tilting us in terms of the macro environment.'
