MFA opposes commodities curbs, shorting restrictions

Thu Jul 24, 2008

The Managed Funds Association, the chief U.S. hedge fund lobbying group, is fighting restrictions on trading, some proposed and others recently imposed, that they say threaten confidence in the markets and unnecessarily hamstring investors.

Specifically, the association is opposing the proposed restrictions in the speculative trading of commodity futures, while protesting the recently enacted curbs on the short selling of 19 financial company stocks.

The U.S. Senate is currently considering legislation that would limit the ability of certain investors to participate in the energy futures markets. The proposed curb is in response to higher commodity prices, which several hedge funds – including George Soros of Soros Fund Management and Michael Masters of Masters...

ISSN: 2151-1845 / CDC10004H

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