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.
ECB decides on measures to address severe tensions in financial markets (Press Releases)
The Governing Council of the European Central Bank (ECB) decided on several measures to address the severe tensions in certain market segments which are hampering the monetary policy transmission mechanism and thereby the effective conduct of monetary policy oriented towards price stability in the medium term. The measures will not affect the stance of monetary policy.
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.