Hedge funds back short selling ban

Sydney Morning Herald – The hedge fund industry says it supports federal government plans to ban naked short selling and impose a disclosure regime for covered short selling.

The Australian arm of the Alternative Investment Management Association (AIMA) said the group had been in talks with regulators and the federal government about legislation to go to parliament on Thursday.

But while it supported the naked short selling ban, moves to create greater transparency of covered short selling activity on the Australian stock exchange did not go far enough.

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