Tiger cubs leading hedge fund rush into China's JD.com

New York

HEDGE funds can't get enough of JD.com Inc.

Tiger cubs including Lone Pine Capital, so-named because their founders worked for billionaire Julian Robertson's Tiger Management, helped lead a rush into the Chinese online retailer's American depositary shares in the first quarter. Hedge funds hold a record 44 per cent, based on publicly disclosed holdings. That's more than they own in any of the 217 other US-listed companies valued at more than US$25 billion.