UniCredit says hedge funds withdraw 17.35 billion-euro claim
UniCredit SpA said eight hedge funds and one German association for shareholder rights withdrew a 17.35 billion-euro claim against UniCredit and others over the 2005 acquisition of HVB Group.
Investors pulled $3.7 billion out of hedge funds in June, punishing these loosely regulated portfolios for their poor performance in May, according to data released earlier this week.