off-the-wire

Hedge fund lobby group asks UK to keep shortselling from the public - letter

Kitco Media
By Reuters
Published:
Updated:
Reuters
By Nell Mackenzie LONDON, March 2 (Reuters) - The hedge fund industry trade association MFA on Thursday sent a letter to Britain's HM Treasury, suggesting it should dispense with how firms are required to disclose their positions publicly.


Britain is due to review its short selling regulations.


The MFA letter, shared with Reuters, suggests that instead, when hedge funds short a company, it is disclosed to regulators. This would prevent a herd like mentality when a short position of one firm comes out and others then jump onto the position to copy-cat it, the letter said.
(Reporting by Nell Mackenzie; editing by Dhara Ranasinghe)

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