A hedge fund that has an investment in privately held Alibaba Group is telling investors it expects the largest e-commerce company in China to go public within a year.
Paul Hudson, chief investment officer of Glade Brook Private Investors, a private fund formed in August 2012 to invest exclusively in the equity of Alibaba, told clients in a letter dated July 23 that following a planned management succession and organizational restructuring, he expects Alibaba to launch an IPO of the majority of its assets, including Taobao Marketplace,...
