| HEDGEweb Database |
| As of: 2010-07-29 |
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US stock markets fell sharply on Thursday with the Dow recording its biggest ever intraday drop in point terms before recovering most of its losses.
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EU close to agreement on hedge fund legislation (Headlines) |
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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.
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Hedge Funds seek $2bn in damages from Porsche (Headlines) |
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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.
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The International Monetary Fund is looking at raising its share of Greece’s financial rescue package by €10bn amid fears that the planned €45bn bail-out will fail to prevent the country’s debt crisis from spiralling out of control.
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