Steven Cohen Nears Deal to Buy Majority Stake in New York Mets

Billionaire Steven A. Cohen is close to an agreement to purchase a majority stake in the New York Mets from Fred and Jeff Wilpon, a move that would give the hedge-fund manager control over a prominent baseball franchise that has disappointed fans and struggled with financial pressures in recent years.

The deal would increase Mr. Cohen’s current minority stake in the team to 80%, according to people close to the matter. As part of the transaction, Fred Wilpon would remain as the controlling owner for the next five years, while...

Hedge-Fund Traders Fight BlueCrest’s Michael Platt Over Bonuses

BlueCrest Capital Management is suing two former traders who say they were forced to leave when the hedge fund’s billionaire owner, Michael Platt, described the equity trading business as “crap” and hinted it could close.

The traders, Alex Codrington and Russell Hartley, say they felt they had no future at the firm after an unpleasant meeting with Platt on plans for his fund’s stock trading. They allege in a Nov. 29 filing prepared for a London court case that Platt said the discussion was so depressing that he should have brought the drug Prozac...

Gordon Singer — Elliott’s quiet man making noise in Europe

When US hedge fund Elliott Management opened an office in London in the mid-1990s, it was seen as a pioneer of aggressive activism in a Europe unused to such tactics.

A German court ruling this week coupled with a high-profile activist campaign in France is a reminder of how far the fund has come in building its presence across the continent — from stakes in AC Milan and Pernod Ricard to involvement in the highly politicised Melrose GKN takeover in Britain.

But while Elliott globally is still controlled by billionaire Paul Singer, his son Gordon...

Renaissance exec Jim Rowen turns food drive into ultimate contest

Lots of people collect and distribute food to the hungry for Thanksgiving and other holidays. It’s a kind and generous tradition in America.

Jim Rowen has made it into a contest and added a layer of personal generosity to the tradition.

Rowen is the chief operating officer of Renaissance Technologies..