Jonathan Lai, investment director at Tencent, China’s second most valuable publicly listed technology company, is leaving to join the US-based hedge fund Coatue Management. The Chinese company has been under months of scrutiny by regulators on its main gaming business. Mr. Lai listed himself on his LinkedIn account as an “investor” at Coatue Management, beginning …
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Hedge Funds Gobbling Up Facebook After Dreadful Q2 Earnings Report
Facebook, the exceedingly popular social media platform, is being bought up by a few top hedge fund stock pickers after shares of the company lost 32 percent of their value in just one week. Although Facebook has not had trouble enlarging its user base steadily over the years, translating that popularity into a solid source …
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