take it like a man i say to hedge funds, page-2

Great post gekko.......I share your concerns regarding this "lending" of OUR shares to hedge funds!!

My mate is a client of US broker who pays him 2x div yield on his 400,000 CBA shares (cost of $10 per share i might add!) to use for shorting.

So if our lazy super fund manager are doing this and charging the unit holders 2% on funds under management!!!!

ASIC investigation required and securities laws revised to ensure transparency!!!!

I will be dead before that happens though....sigh