$Alibaba(BABA.US) Reposting an interview with David Tepper. Host: Back to China, you have a large position in Alibaba. What are you buying now? You previously said China wouldn't exceed 10-12% of your portfolio, but we've seen you go over 12% recently. Does that mean you'll buy more?

David Tepper: I only look at the risk-reward model. I added positions on the day the Fed cut rates, I added more after the China Fed made those statements, and I added again yesterday.

Host: Still Alibaba, JD.com, and Baidu?

David Tepper: Everything, Everything, ETFs, futures, E-V-E-R-Y-T-H-I-N-G. Listen, the last time I said to buy China's Everything was a long time ago, back in 2010. Now, I actually hope to see a pullback so I can add positions with my new fund that has no position limits. As soon as I see a pullback, I'll execute immediately. Look at these assets—single-digit P/E ratios, double-digit growth, and listen, some of these still have 50% cash on their books. And if the RMB continues to appreciate, they can buy back shares... (Theoretically, strong currency cash flows converted into weak USD for buybacks...)

Host: As a hedge fund, how do you hedge the risks of these positions?

David Tepper: I DON'T CARE

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