*Third Point's stake in Sony rises to 7 pct from 6.3 pct. TOKYO, June 18- New York- based hedge fund Third Point said it has raised its stake in Sony Corp and urged the Japanese company to create an independent board to run a partially spun-off entertainment arm with Sony's CEO, Kazuo Hirai, as its chairman.
*Sony rises after hedge fund ups stake, presses spin-off.
*Sony rises after hedge fund ups stake, presses spin-off. TOKYO, June 18- Japan's Nikkei rose on Tuesday, heading for a third straight day of gains, which will mark its longest winning run since a sharp selloff on May 23, underpinned support the U.S. economy.
TOKYO, June 18- New York- based hedge fund company Third Point said it had raised its stake in Japan's Sony Corp and asked for an opportunity to present its proposal to Sony's board for a partial spin-off of the company's entertainment unit.
LONDON, June 13- Private equity firms are sitting on $116 billion of assets trapped in so-called zombie funds that lie dormant but still rake in fees from investors, research showed on Thursday.
LONDON, June 12- Hedge funds that bet Severn Trent would agree to a Canadian-led takeover are reeling from losses after the water company refused to talk, casting further doubt on their money-making abilities in an anaemic M&A environment.
HONG KONG, June 12- Efforts to make the global financial system safer could be making Asia more- not less- vulnerable to any credit market shocks, leaving bond traders worried that a sharp selloff since late May could turn into a rout.
The net-long money held by money managers in 24 commodity markets tracked by the U.S. Commodity and Futures Trading Commission fell by about $680 million to about $67 billion for the week ended June 4. Futures of U.S. crude oil traded on the New York Mercantile Exchange witnessed a net drop of about $504 million in managed money during the week to June 4.
LONDON, June 7- Major developing countries with big foreign financing needs are acutely vulnerable to the risk of a sudden stop in investment flows which has unnerved emerging markets in recent weeks.
NEW YORK, June 5- A federal judge on Wednesday set a Nov. 4 start for the criminal trial of Mathew Martoma, a former portfolio manager at hedge fund SAC Capital Advisors, on insider trading charges.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.