The long and short of financials – capitalising on rapid change

The popular 130:30 and other long/short strategy managers have been doing it tough, particularly in Australia with its extended shorting ban, but at least one has been able to minimise the repercussions through pre-ban shorting of the major indices.


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Australian Unity reveals extent of guarantee damage

Investors in Australian Unity Investments’ two mortgage funds withdrew $150 million in the week after the Government’s October 13 announcement of a bank deposit guarantee, before the mutual froze redemptions for a month last Wednesday and joined industry calls for ‘deposit-like’ products to be included in the guarantee.


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