Sydney Morning Herald- The Australian hedge funds industry, under investigation over allegations market manipulation pushed stocks lower in recent weeks, 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, rejected accusations its members targeted troubled companies through short-selling and spreading rumors directors received margin calls, AIMA’s Chairman Kim Ivey said in a note to members that was e-mailed to Bloomberg yesterday.
”The call for changes to short-selling disclosure is loud and clear,” Ivey said in an interview. ”We support the move to greater transparency
