Star Hedge-Fund Manager Suffers Rare Setback

An Asian hedge-fund firm with a strong record has experienced a surprising loss from a small fund that made mistimed bets on stocks and currencies.

The fund managed by Danny Yong’s Singapore-based Dymon Asia Capital Ltd. had lost around 40% of its value in the year through August, following similar declines over the course of 2017, according to two people familiar with its performance. It has also seen redemptions which have reduced its assets under management to around $100 million.

Big Oil’s Flood of Cash Underwhelms Investors

Soaring crude prices have put the oil industry on track to churn out huge cash piles this year. Even so, investors aren’t buying it. Literally.

The world’s six largest Western energy companies—Exxon Mobil Corp., Chevron Corp. Royal Dutch Shell PLC, BP PLC, Total SA and Equinor ASA—are set to generate their biggest profits since 2013. At the…

Claire McCaskill, Facing a Tough Test, Tries to Revive Her Winning Formula

ARNOLD, Mo.—Sen. Claire McCaskill stood in front of a group of about 25 voters and volunteers in her campaign office here last week and told them her re-election race could come down to the number of people in the room.

Ms. McCaskill, the sole statewide Democrat in this increasingly conservative state, faces her toughest fight yet to be re-elected for a third term. She is facing Republican Attorney General Josh Hawley, who is tying himself to President Trump, who won the state in 2016 by more than 18 percentage points. Polls…

Turkey’s Erdogan: Saudi Journalist Was ‘Murdered’

Turkey’s President Recep Tayyip Erdogan said Saudi operatives planned and conducted the murder of a Saudi journalist in Istanbul three weeks ago, challenging the kingdom’s narrative that Jamal Khashoggi died in a brawl.

“We have strong evidence that this murder was planned,” Mr. Erdogan said in an address to lawmakers from his ruling party Tuesday. “He was brutally murdered.”