Bloomberg – Hedge funds Moore Capital Management LLC and Blue Ridge Capital LLC boosted their stakes in JPMorgan Chase & Co., while Kingdon Capital Management LLC divested, before the shares plunged because of a $2 billion trading loss. Moore, the […]

Bloomberg – Daniel Loeb’s New York-based Third Point LLC, has made almost $122 million so far on its stake in Yahoo! Inc. (YHOO) after successfully forcing Chief Executive Officer Scott Thompson to step down. Loeb, 50, whose hedge fund owns 5.8 percent of the […]

MSNBC – Hedge fund manager Philip Falcone’s dream of bringing another wireless network to the United States likely came to an end on Monday, when LightSquared Inc, the ailing telecommunications company he bankrolled, filed for bankruptcy protection. LightSquared and many […]

Pensions & Investments – Anthony Scaramucci has distilled his insider’s knowledge of the hedge fund industry into his second book, “The Little Book of Hedge Funds.” Founder and managing partner of SkyBridge Capital LLC, New York, a hedge fund seeder, […]

Bloomberg – The biggest hedge fund in shipping is turning bullish on the largest oil tankers for the first time in four years as the U.S. push toward energy independence provides China with a greater share of global crude supply. The U.S. […]

The Australian – The social network overnight raised its price range to $US34 to $US38 a share, resulting in a target valuation of up to $US104 billion ($104.28bn), which would make it the most highly valued IPO for a US company. Its previous […]

Reuters – JPMorgan Chase & Co. Chief Investment Officer Ina Drew is retiring — the first casualty after the bank suffered trading losses that could reach more than $3 billion and that have sparked an investigation by U.S. securities regulators. […]

The Big Picture – The claim is being made that JP Morgan’s $2 billion trading loss was in a trade that was a “a hedge.” It doesn’t take much review to easily disprove that position. We first learned of this […]

Reuters – Hedge funds and other money managers slashed their bullish bets on commodities by 20 percent, or nearly $18 billion, as prices fell to four-month lows last week, data from the Commodity Futures Trading Commission showed on Friday. With […]

Newport News – The former head of a Newport News financial brokerage that closed amid a fraud probe two years ago won’t have to pay back millions of dollars that he owed to scores of creditors. Jeffrey A. Martinovich, 46, […]

BusinessWeek – Hedge funds act as shadow banks and should be added to the list of organizations in need of regulation, according to Raimund Roeseler, head of banking supervision at Germany’s financial regulator Bafin. Shadow-banking definitions by the Financial Stability […]

Forbes – Yahoo CEO Scott Thompson today stepped down, two weeks after activist hedge fund manager Dan Loeb ignited a controversy over Thompson’s embellished resume. Thompson will be replaced in the interim by Ross Levinsohn, the company’s global head of […]