Friday, January 9, 2009

Fund managers warn against sharing short selling trade practices

According to an article at the Albourne Village, association representing fund managers in th US, UK and Australian have let officials know that publishing their techniques about short selling trade positions could ruin the industry. They fear that if the information is made public, other investors will mimic their actions and use similar trading strategies. The three associations represented, Financial Services Association, the Investment Company Institute of the US and the Investment Management Association of the UK, have over $15 billion currently under their management.

Read the article here.

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