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 https://www.financialstandard.com.au/news/unisuper-suspends-stock-lending-156181752

Related Posts

Previous Post
Eurekahedge: AI and crypto funds slightly down in February
Next Post
Federal Reserve Board announces establishment of a Commercial Paper Funding Facility (CPFF)

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset password

Create an account