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Actionable news in EEM: ISHARES MSCI EMERGING MARKETS ETF,

Alibaba Gains A Hedge Fund Fan: Loeb’s Third Point

Hedge fund investor Third Point added a position in Chinese internet giant Alibaba Group Holding (BABA) during the second quarter.

Alibaba shares rose 2.2% Wednesday, while the iShares MSCI China Large-Cap exchange-traded fund (FXI) was up 1% and the iShares MSCI Emerging Markets ETF (EEM) was up 0.8%. During the second quarter, Alibaba's U.S.-traded shares jumped nearly 31%...


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