What’s news around the hedge fund industry for Wednesday, May 16, 2012:

Around the web

Third Point increases its Yahoo stake. (DealBook)

KKR said to be in talks to buy stake in Prisma Capital. (DealBook)

Bill Ackman, Jim Chanos win big on 2011 Ira Sohn picks; Dinakar Singh, Peter May and others lose. (AR)

Greenlight’s Einhorn reconsiders RIM position. (Toronto Globe and Mail)

Seattle, King County and Chris Hansen may announce arena agreement Wednesday. (Seattle Post Intelligencer)

Lone Pine Capital quadruples El Paso stake. (Houston Business Journal)

Alex Getelman accused of stealing $1.2 million from Citadel by inflating costs. (The New York Times)

Soros’s firm buys JPMorgan, Suntrust in first quarter. (Bloomberg)

Greek bet paid off for ‘vulture fund’ Dart Management. (The New York Times)

Ralph V. Whitworth’s Relational Investors takes stake in Pepsi. (DealBook)

Ohio Public Employees’ Retirement System hires COMAC for $120 million as part of $3 billion hedge fund spend. (HFMWeek)

Park Hill asset raiser signs MeehanCombs. (HFMWeek)

China holding off on hedge funds, says lawyer. (HFMWeek)

Hedge funds stand to profit on Residential Capital debt. (WSJ.com)

U.S. Senate panel to look at derivatives regulation. (Dow Jones Newswires, via Fox Business)

NYSE Euronext out of the bidding for LME. (Reuters)

Global growth fears weigh on currency funds. (WSJ.com)

Martin Marietta feels the Einhorn effect. (DealBook)

Hedge fund all-stars appearing at Yankee Stadium cap intro event put on by Goldman Sachs. (AR, via HedgeFund.net)

Bank governor Sir Mervyn King warns of eurozone crisis ’storm’. (BBC)

‘London Whale’ Bruno Iksil sid to be leaving JPMorgan. (DealBook)

In scrutiny of JPMorgan loss, bigger questions left unanswered. (DealBook)

As one JPMorgan trader sold risky contracts, another one bought them. (DealBook)

Satyajit Das: Tight rules would not have stopped JPMorgan losses. (The Independent)

Moore Capital Management leads hedge funds betting on JPMorgan before losses. (Bloomberg)

Volcker to Dimon: Just give up your banking license and we’re cool. (Talking Points Memo)

People moves

Agecroft Partners hired Cara Fleckenstein as a managing director responsible for helping with due diligence on hedge fund firms Agecroft may represent. She will also introduce firms Agecroft does represent to large institutional investors in the southern and western United States, Latin America, the Middle East and Asia, according to a news release from the firm. Fleckenstein previously did hedge fund marketing for a hedge fund firm, and spent time in various roles at Bank of America, Citibank and Société Générale.

Natixis makes host of senior corporate and investment banking division appointments. (HFMWeek)

This entry was posted on Wednesday, May 16th, 2012 at 6:15 pm and is filed under News Roundup. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.