Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Asia-based hedge funds including those managed by Tybourne Capital Management (HK) sold American depository receipts of some Chinese companies in the fourth quarter, seizing a rebound before the slump resumed. Tybourne cut holdings in Alibaba Group Holding Ltd. in the final three months of 2015 after emerging among the largest hedge-fund buyers of the Chinese e-commerce stock in the prior quarter, according to a filing with the U.S. Securities and Exchange Commission....