IBM reels in hedge funds for $150m exit from Lenovo
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IBM reels in hedge funds for $150m exit from Lenovo

Jonathan Breen
March 03, 2016 12:00 PM
Lenovo laptop

IBM exited its entire position in Chinese tech firm Lenovo this week, raising HK$1.17bn ($150m) via a block sale. It was able to offload the stock at the top end of guidance after a flood of demand from Asian hedge funds.

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Jonathan Breen
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