Brits Mull Permanent Short Ban

Sep 24 2008 | 12:55pm ET

British Prime Minister Gordon Brown has bad news for the hedge fund industry: His country’s ban on short-selling might not be so temporary after all.

Speaking on BBC Radio 4, the embattled premier said he expects “new rules for the future” when the current restrictions, which went into effect yesterday and include a ban on shorting certain financials and new disclosure requirements, expire in four months.

“Short-selling is something that has existed in the markets for years, but when groups of people are exploiting a difficult economic situation, it is right to stop the short-selling,” he said.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of