The only thing gnawing on my gut at the moment with Sig is the possibility of them working this investment both ways.
This is just my conjecture only ok.
But I think they could also use the holdings to provide or enable shorters. They get an income from the shorters on the loan of share and also if it goes up they get the direct benefit via sp anyway. If it goes up hard and toasts a couple of shorters that's not their problem, shorter has to close his position.
I am just spit balling here but keen to heat thoughts from some that know how the shorts loan book or instruments work that might quell my concerns here.
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