hedge fund

Steve Carmody/Michigan Radio

A major hedge fund is making waves for Midland-based Dow Chemical.

Third Point Management announced today that it has upped its position in Dow Chemical.

The hedge fund now has a $1.3 billion stake in Dow. That makes the hedge fund a significant shareholder in the company.  

UM Photo

A huge Connecticut-based hedge fund owned by an embattled billionaire is facing insider-trading charges.    And a former University of Michigan professor may have played a part.