Steve Eisman, Richard Breeden, Chase Coleman

Eisman Planning to Start Own Fund After FrontPoint Departure (Bloomberg)
Steven Eisman, the investor known for betting against for-profit schools and subprime mortgages, is leaving FrontPoint Partners LLC and plans to start his own firm, according to two people briefed on the matter. Eisman, who gained prominence after he was profiled by Michael Lewis in his book “The Big Short: Inside the Doomsday Machine” (W.W. Norton & Co., 2010), returned 81 percent in 2007 in his Financial Horizons Fund, thanks to his subprime mortgage bet. His larger Financial Services fund has lost about 14 percent over the last 18 months, according to an investor.

Activist Breeden cuts stake in Zale (Reuters)
Activist investor Richard Breeden cut his stake in jewelry retailer Zale Corp to less than 19 percent from more than 24 percent (ZLC.N), a regulatory filing showed on Friday. The investor’s hedge fund, Breeden Capital Management LLC, disclosed an 18.51 percent stake in Zale in a filing with the U.S. Securities and Exchange Commission.

Online Ventures Lure Tiger Global Back to India (WSJ)
American fund Tiger Global Management LLC spent a couple of years in India before unexpectedly shutting its office at Ceejay House in Mumbai’s Worli enclave, among the country’s most expensive office spaces, in mid-2009. The fund returned after about a year’s absence. While investments between then and now have been selective, they reflect a significant shift in the India strategy showing a marked preference for striking deals through co-investments and in e-commerce startups. Between 2007 and 2009, the New York-based fund with Facebook Inc. and LinkedIn Corp. in its portfolio, made at least half a dozen investments in India, including in the National Stock Exchange, Future Group and Educomp Solutions Ltd.