Tuesday, February 8, 2011

In Europe, an Effort to Shed Light on Short-Selling By AZAM AHMED

''..But now Mr. Einhorn and other large investors do not have a choice in France, where regulators started requiring money managers to disclose on a daily basis the stocks they bet against in the country. On Feb. 3, Greenlight Capital reported it was short more than 1 percent of the shares in Neopost, a French mailroom equipment supplier.
While hedge funds have long had to report their long positions on a quarterly basis, the decision by French authorities brings a new level of transparency to some of the most closely guarded investment moves in the hedge fund world. In February, the Autorité des Marchés Financiers, the French financial markets regulator, began requiring hedge funds and other investment managers to disclose their short positions when they reached 0.5 percent of a company’s outstanding stock...''
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