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.
The squeeze on Muammer Gaddafi tightened on Thursday after the UK froze assets of Libya’s sovereign wealth fund, including holdings at HSBC, and Austrian authorities questioned a senior fund executive, the FT reports.
SEC charges Homm and others in "portfolio pumping" scheme (Fund News)
The SEC charged two financial firms and three individuals with running a fraudulent "portfolio pumping" scheme to manipulate prices of small U.S. stocks, generating at least $63.7m of illegal proceeds.
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