S&P placed 57 hedge funds on hold last month....

According to Australia-based Hatfield Liptak Advisors’ October newsletter, Standard & Poor’s Fund Services had placed 57 funds from 25 managers ‘on hold’ in September following a ban on short selling announced by several regulators worldwide, including the Australian Securities and Investments Commission. It is unclear as to whether the tags applied to Australian funds only or to global funds.

The Australian Securities and Investment Commission (ASIC) announced on 21st September that naked, and covered, short selling were banned. This caused enough confusion for the Australian Stock Exchange (ASX) to delay the market open for an hour until clarification was made available to the market participants.

The Australian funds affected by the S&P tag, including multi-manager fu......................

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S&P placed 57 hedge funds on hold last month....