Bloomberg- The Australian hedge fund lobby rejected allegations that its members manipulated stock prices and said it supports greater disclosure when investors sell borrowed shares.
The Australian chapter of the Alternative Investment Management Association, which represents more than 60 hedge funds, denies that its members targeted troubled companies through short- selling and spreading rumors, AIMA’s Chairman Kim Ivey said in a note to members that was obtained by Bloomberg News.
“The call for changes to short-selling disclosure is loud and clear,” Ivey said in an interview. “We support the move to greater transparency.”
