Hedge Funds Review – Hedge funds have more than halved their levels of securities borrowing amid fears over pending regulation affecting shorting being discussed by the European Union.
Hedge fund managers have severely cut back on securities borrowing for shorting positions according to Kevin McNulty, chief executive of the trade body for securities lenders to the International Securities Lending Association (Isla). He said securities borrowers held $1.8 trillion on loan, far below the $4 trillion pre-financial crisis levels.
