Financial Standard: UniSuper suspends stock lending

The $85 billion super fund has requested BNP Paribas Securities Services to suspend stock lending, effective immediately.

UniSuper said restricting the ability to short-sell is in the best interests of the market.

“In a normally functioning market we’re comfortable lending our shares as we genuinely believe that it adds to market efficiency,” UniSuper chief executive John Pearce said.

The full article is available at

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