Porsche faces new $1bn lawsuit by hedge funds (Fund News)
Several prominent hedge funds, including Greenlight Capital LP and Tiger Global LP, have filed a new lawsuit accusing German automaker Porsche SE of cornering the market in shares of Volkswagen AG, causing more than $1bn of losses.
Hedge funds head for Malta to escape regulation (Fund News)
The FT reports: Some of Londonâ??s biggest hedge fund managers are shifting their operations to Malta in response to both the rising costs of business and the growing regulatory burden in the UK.
SEC charges Homm and others in "portfolio pumping" scheme (Fund News)
The SEC charged two financial firms and three individuals with running a fraudulent "portfolio pumping" scheme to manipulate prices of small U.S. stocks, generating at least $63.7m of illegal proceeds.
Louis Dreyfus to close commodity fund to new investors (Fund News)
The Louis Dreyfus Commodities Alpha Fund, managed by Geneva-based Ian McIntosh, stopped accepting new money from investors after assets advanced 20-fold in about two years, according to people close to the fund.