TORONTO : Several hedge funds may have been bruised by bets on Didi Global Inc, filings showed after the shares tumbled since the Chinese ride-hailing company announced plans to withdraw from the New York Stock Exchange.
It is not known if hedge funds had further reduced their investment since that time, but Reuters calculations show the 7.9per cent fall in Didi’s shares between the end of September and Dec. 7 would have wiped a combined US$60.9 million of value from those positions. Among hedge funds that bought shares in the third quarter, Bridgewater Associates purchased almost 9 million, according to filings.
Tiger and Soros did not respond to requests for comment while Temasek declined to comment on the position.
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