Personally, I think superannuation members should contact their fund administrators and find out if they 'lend' their stocks to hedge funds. They should walk away from these super fund administrators because by doing this, the fund administrators aren;t looking after the best interests of their members. They get fees for lending sure, but the share prices of these same stocks on which the fund members' monies are invested in go down and therefore the members' super accounts' values go down with it too.
I'm sending a letter to the fund administrators of my superannuation and wil try to find out if they do lend to the hedgies. If they do, I'll roll over my super to another fund that does not.
ABS
a.b.c. learning centres limited
super funds who lend to shortsellers
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