Clive Capital loses more than $400m in last weeks oil slide (Fund News)
Clive Capital, the world's largest commodity hedge fund, lost more than $400 million due to the collapse of the price of oil last week, according to the Financial Times on Sunday.
Kiener confesses to running a Ponzi-Scheme (Fund News)
K1 Group founder Helmut Kiener, accused of running a $500m Ponzi scheme, told a court he manipulated account statements and lacked the “courage” to shut his hedge fund after he realized the scale of the losses.
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 London’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.
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