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.
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.
CQS doubled Asian exposure in the past two years (Headlines)
CQS U.K. LLP, a London-based hedge fund manager with $6.7bn in assets under management, has doubled the Asian allocation of its oldest global hedge fund since 2008.