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From Christine Gaylican, Opalesque Asia:

Hedge fund managers and industry associations across the globe have not given up the resolve to urge regulators in China, the UK and the European Union to not impose a full ban on short-selling activities.

In the midst of consultations on the European Commission’s Alternative Investment Fund Managers (AIFM) directive, which would oversee an important alternative investment product, separate and simultaneous consultations in different parts of the world are taking place. It will be possible to submit recommendations on all consultations until the end of the year.

At the forefront of these initiatives is the Alternative Investment Management Association (AIMA), the industry association of hedge funds worldwide, which is leading the drumbeating that too much of anything even in regulation could actually deepen investment risks instead of dissipating them.

“The hedge fund industry finds itself at a crossroads. Post-Lehman Brothers there are a number of regulatory proposals in Europe and the US that have ranged from the eminently sensible to the downright worrying,” AIMA’s chief executive Andrew Baker said (Source).

He added that the directive puts at risk not just the 50,000 or so people employed by the sector in Europe, but the many others whose jobs depend on projects and services ......................

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