*PetSmart shares rise as much as 15 pct. July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, underlining troubles at the pet product retailer. Jana Partners reported a 9.9 percent stake in PetSmart, making it the company's largest shareholder.
July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, sending the pet product retailer's shares up 15 percent. Jana Partners reported a 9.9 percent stake in PetSmart in a regulatory filing, making it the company's largest shareholder.
The head of Harbinger Group had a miserable 2013 that culminated with him agreeing to an $18 million settlement with the SEC.
Federal regulators are suing hedge fund manager Philip Falcone and his firm, accusing him of civil fraud for using fund money to pay his taxes and favoring some fund customers at the expense of others.
The SEC is charging Philip Falcone & Harbinger Capital with securities fraud, reports CNBC's Tyler Mathisen.
CNBC's Kate Kelly reports on the details of Harbinger fund manager Philip Falcone's comments regarding a potential IPO and regulatory policies.
The wireless carrier ended its hosting agreement with start-up LightSquared, because regulators say it interferes with GPS navigation devices.
The FCC has blocked a plan by LightSquared to build a new wireless network. Discussing what a LightSquared failure could mean to billionaire hedge fund manager, Philip Falcone, with Greg Zuckerman, Wall Street Journal.
Many of the conference attendees are considered industry icons for outperforming their peers. Click to see the Hedge Fund elite, and how much money they’re managing.