Some hedge funds suffered significant losses in May (Fund News)
Some of the worldâ??s biggest hedge funds have suffered significant losses this month after high levels of volatility across markets and the short-lived stock market plunge in New York combined to wipe billions from portfolios, the FT reports.
EU close to agreement on hedge fund legislation (Headlines)
European Union lawmakers are nearing an agreement on hedge fund legislation that would significantly restrict the ability of funds based in some offshore tax havens to raise money from EU investors, the lawmaker in charge of the legislation at the European Parliament said Tuesday.
Hedge Funds seek $2bn in damages from Porsche (Headlines)
Six more hedge funds joined a lawsuit against Porsche SE over alleged securities fraud and manipulation last week, with the plaintiffs doubling the damages they are seeking to $2bn.