In a letter to The Financial Times, the Hedge Fund Standards Board and leading hedge fund managers called for an end to the Financial Services Authority’s ban on short selling.
“It is easy for commentators to point the finger of blame, and hedge funds make for a high profile and convenient target,” wrote Antonio Borges, chairman of the Hedge Fund Standards Board and a former central banker. “However, Britain must be careful not to jeopardise the status of London as one of the world’s leading financial centres.”
The letter is supported by hedge fund managers and investors on the board, including Paul Marshall, co-founder of Marshall Wace; Peter Clarke, chief executive of Man Group; Michael Hintze, founder of CQS; Manny Roman, co-chief executive of GLG Partners; Nicolas Moreau, chairman of Axa Investment Managers; and Kathryn Graham, head of hedge funds at Hermes.