Top Story

eBay Bows To Icahn, Will Spin-Off PayPal

Sep 30 2014 | 3:45pm ET

Carl Icahn has notched another impressive victory, this time over eBay Inc.

After months of bitterly battling Icahn’s push to spin-off its PayPal unit, the online auctions company said it would do exactly that next year. And, while downplaying Icahn’s role in the decision, eBay’s arguments for separating PayPal sound an awful lot like those Icahn has made since first announcing his stake in eBay in January.


Latest News

HFA Taps Korea Chapter Co-Heads

Oct 1 2014 | 9:20am ET

The Hedge Fund Association, an industry lobby group, has tapped two regional co-directors for its Korea chapter.

Masco Plans Spin-Off After Third Point Push

Oct 1 2014 | 8:27am ET

Chalk up another win for Third Point’s Daniel Loeb.

Icahn Offers To Save Atlantic City’s Taj—With Strings Attached

Oct 1 2014 | 8:26am ET

Carl Icahn may be willing to gamble on a bankrupt casino—if its employees will ante up to save their jobs.

MSMB’s Shkreli Ousted From Pharma He Founded

Oct 1 2014 | 8:24am ET

Hedge-fund manager Martin Shkreli will have to go back to his day job.

Argentina Moves To Pay Debt After Contempt Holding

Oct 1 2014 | 8:24am ET

A day after a federal judge held it in contempt, Argentina demonstrated just how much contempt it has by moving to make a payment on its restructured debt in defiance of the court’s orders.

Ukrainian P.E. Group Established

Oct 1 2014 | 8:23am ET

The ongoing conflict between Ukraine and Russia has led a group of private-equity firms to launch the former country’s first trade association for the industry, a sign of confidence in the turmoil-plagued region.

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In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch one focused on the legal cannabis space actually began with a trip to the casino.

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Peter HechtPeter Hecht
Ken GriffinKen Griffin


Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…


Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.