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
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- take it like a man i say to hedge funds
BNB
babcock & brown limited
Great post gekko.......I share your concerns regarding this...
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