maybe learn a little. Statestreet in most cases is holding in...

maybe learn a little. Statestreet in most cases is holding in capacity as a custodian bank. It does not own the shares, rather safeguards them and does accounting/admin work for all the global pension funds (including Australian pension funds).

The only shorting doesn’t tend to be state street, rather they are the facilitator who offers shorting to the clients who own the shares, ie most likely your superfund, for a fee, to lend out their stock to others. Statestreet like all banks offer shorting, IF the client who owns the shares wants to allow it, ie your superfund. They lend out their stock to make more $ as they believe in perfect market theory and it isn’t being abused. Statestreet make a fee and short sellers come to state street for another fee to borrow the stock off their client. It’s called securities lending. Google it.

You’d be better off asking your superfund if you’re not SMSF if they are allowing CSL or others to be shorted via securities lending. Then submit a complaint to them on it. Because it’s your fund allowing it generally, not state street. I see this rubbish posted like a conspiracy theory on HotCopper all the time, it’s incorrect.