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.
The International Monetary Fund is looking at raising its share of Greeceâ??s financial rescue package by â?¬10bn amid fears that the planned â?¬45bn bail-out will fail to prevent the countryâ??s debt crisis from spiralling out of control.
Greeceâ??s securities regulator banned short-selling in shares on the Athens bourse until June 28, after heavy losses of Greek assets a day earlier in the wake of the countryâ??s deepening debt crisis.
Germany's ex-finance minister does not know what a hedge fund is (Comment)
Peer Steinbrueck, former finance minister of Germany and a vocal proponent for tougher regulation of hedge funds, cannot explain what a hedge fund actually is or does.