Two Penn undergrads got hooked on value investing & started picking stocks from their dorm rooms. Then their hedge fund, Spruce House, started chasing growth, buying big stakes in Carvana & Wayfair. It's been a bumpy ride: -~66% in '22 +~65% YTD wsj.com/finance/invest…

It's been 50 weeks that my friend and colleague Evan Gershkovich has been detained by Russia. The support from friends, colleagues and strangers keeps us going. Evan was on the cover of Time magazine. President Biden mentioned him in his State of the Union address. #FreeEvan

We’ll keep telling Evan Gershkovich’s story—until he can tell his own. #IStandWithEvan

A year of Evan Gershkovich's life has been stolen A year of weddings, of spikeball on the beach, of beers in Berlin, of New Year w/ mayo-filled salad; of reporting on monumental Russian changes Today I had the honor to write about my friend Evan in WSJ: wsj.com/world/russia/e…

A year ago, Evan Gershkovich was arrested in Russia for doing his job as a journalist. "A year of stolen stories, stolen joys, stolen memories," as today's The Wall Street Journal front page says. It's time to bring him home. #FreeEvan

.Ronan Farrow highlighted Evan Gershkovich’s unjust imprisonment at an event last night with YLS dean Heather Gerken That’s a #FreeEvan pin reflecting off his lapel

It is with great sadness that the Simons Foundation announces the death of its co-founder and chair emeritus, James Harris Simons. Jim was an award-winning mathematician, a legendary investor and a generous philanthropist. simonsfoundation.org/2024/05/10/sim…

Jim Simons, the man who solved the market and so much more, has died at 86. Special guy, great sense of humor, cared about others and beat the odds in so many ways. RIP. wsj.com/arts-culture/b…

Bill Ackman wants to bring his hedge-fund firm to the masses. Look out for a Pershing Square IPO as early as next year. But first, Ackman is selling a stake in the firm that's expected to value it at a rich ~$10.5B. wsj.com/finance/invest…

Hedge funds and private-equity firms won a legal victory today over their primary regulator. New SEC rules governing the terms they set with their investors were invalidated by a federal court. wsj.com/finance/regula…

The Hottest Investment for Hedge Funds Is Other Hedge Funds Big firms like Millennium are so flush with cash they're outsourcing it to other firms wsj.com/finance/invest…

Archegos's Bill Hwang went from a $35 billion Wall Street whale to a convicted fraudster in the span of a few years. “That’s what it meant to run Archegos,” a prosecutor said this week. “Lying was part of the job.” wsj.com/finance/invest…

For years, Evan Gershkovich saw those he knew convicted & imprisoned in Russia. Now it has happened to him. Evan's 16-year prison sentence for doing his job as a journalist is a disgrace. #FreeEvan wsj.com/world/russia/f…

🚨This story has it all, including details on the private letter acknowledging the IPO’s challenges Ackman was forced to disclose this morning: wsj.com/finance/invest…

WSJ reporter Evan Gershkovich is free. This is a day of great joy and relief for Evan, his family, WSJ colleagues, and all those who campaigned so hard for his release. It is also a great day for press freedom. Follow the story here (no paywall) wsj.com/articles/evan-…

Here is a story we have been reporting since the day Evan Gershkovich went missing, on the secret negotiations to free him. It features starring and walk-on roles from billionaires you didn't know were involved, spies, rule-bending diplomats, and his mom. wsj.com/world/europe/e…

Evan Gershkovich, Alsu Kurmasheva, Paul Whelan. Free. Amazing. #IStandWithEvan

What does Ken Griffin do when he’s not running one of the world’s biggest hedge funds? Races McLarens on top of frozen Finnish lakes and hits the euchre tables. My story on Citadel’s ascent to the top of Wall Street: wsj.com/finance/invest…