Top U.S. hedge fund management firms, including David Einhorn's Greenlight Capital and Philippe Laffont's Coatue Management, reduced their stakes in Apple Inc during the fourth quarter, ahead of the iPhone maker's strong rally in 2015, according to regulatory filings.
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Apartment List, an online rental marketplace, was able to raise an additional $6 million in financing in a follow-on round led by Glynn Capital and Passport Capital, TechCrunch reported.
A boom in Chinese internet stocks helped propel San Francisco-based hedge fund to double digit gains this year when other hedge funds have given dull returns, according to a Reuters report.