Shorting ban won’t hurt too much, say money managers

In that case, “those 19 stocks may be more difficult to borrow, and the cost of borrowing would likely rise,” said Russell Kamp, the New York-based chief executive officer of the global structured product group at Invesco. One prime broker, who declined to be identified, said it’s a good bet that the costs of borrowing shares will head higher. For now, market veterans say any upward pressure on shorting costs is likely to prove manageable.

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AMP Super shielded from crypto rout by early Bitcoin trim

AMP Super slashed its investment in Bitcoin futures ahead of the abrupt crypto sell-off last week, saying it had been an "excellent test" of its forecasting model's ability to de-risk when required.

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