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US funds tread carefully on China as Oaktree and Appaloosa recalibrate positions

✍️ Yulu Ao 📅 November 14, 2025 11:30 PM 🕐 Scraped: November 15, 2025

Summary: Oaktree exits KE Holdings, billionaire David Tepper’s Appaloosa boosts Baidu stake and Bridgewater stays away from China in third quarter.

Major US fund managers stayed cautious on China in the third quarter, with Oaktree Capital Management rebalancing its exposure to both equities and convertible bonds tied to Chinese firms, while Appaloosa – founded by billionaire investor David Tepper

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📝 Article Information

Author

Yulu Ao

Original Publisher

🌍 South China Morning Post

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Published Date

November 14, 2025 at 11:30 PM

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