This Hedge Fund Is Highly Concentrated. It’s Also Printing Money.

Jamie Sterne’s Skye Global has a huge bet on Amazon and a couple of other tech stocks — and it’s paying off mightily. Is such concentration worth the risk?

(Dhiraj Singh/Bloomberg)

(Dhiraj Singh/Bloomberg)

Jeff Bezos had an early Halloween message for Skye Global Management:

Boo!

Skye Global Management’s most recent government filings show that Amazon.com accounts for more than a quarter of the hedge fund’s U.S. long stock positions.

On October 24, Bezos’s online money-making machine spooked investors, posting third-quarter profits down a sharp 26 percent, and cutting guidance for the year.

The

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