IMA throws weight behind short selling

The IMA has defended the use of short selling by investment managers and argues they should not be fo...

The IMA has defended the use of short selling by investment managers and argues they should not be forced to disclose their positions to the wider market. In its response to the FSA's Discussion Paper DP09/1 on short selling, the IMA outlined a number of benefits which the well established activity of shorting can bring to investors and markets. However, it states while short position disclosure to the regulator is an important check on the markets wider disclosure is not required. It argues this could be detrimental from a competitive point of view as it could allow market users to "fr...