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

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note