Billionaire Joe Tsai’s Family Office Slashes Blue Owl Stake

The investment firm that manages part of the fortune of Alibaba Group Holding Ltd. Chairman Joe Tsai sold most of its shares in the alternative asset giant Blue Owl Capital Inc. during the fourth quarter.

Blue Pool Capital Ltd. sold 34.3 million Blue Owl shares, or 83% of its remaining holdings, according to data from regulatory filings compiled by Bloomberg. The shares would have been worth about $460 million at the volume-weighted average price of the stock over the three months.

Blue Pool representatives didn’t reply to requests for comment. A spokesperson for Blue Owl declined to comment.

Blue Owl’s ...