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Andreas Halvorsen Joins Other Gurus in Investing in Alibaba

2014-12-03 22:28:53| Chemicals - Topix.net

A look at the portfolio of Norwegian-born entrepreneur Andreas Halvorsen , founder and CIO of Viking Global Investors LP, confirms his preference for healthcare stocks - such holdings account for nearly 30% of his portfolio - but, in the third quarter, he - like many of the gurus we follow at GuruFocus - couldn't resist the temptation to invest in Alibaba when the Chinese ecommerce company had its historic IPO in September. Halvorsen bought 11,387,526 shares of Alibaba for an average price of $89.95 per share.

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