Regulation

EU watchdog ESMA tightens short-selling rules amid “serious threat to market confidence”

EU watchdog ESMA tightens short-selling rules amid “serious threat to market confidence”

The European Securities and Markets Authority, the pan-EU financial watchdog, tightened rules on short-selling on Monday, and will now require hedge funds and other holders of net short positions to notify their respective national regulators of positions greater than 0.1 per cent of a company’s share capital.

FUNDS

Credit hedge fund Chenavari eyes “agile and opportunistic” positions amid further dislocation

Credit hedge fund Chenavari eyes “agile and opportunistic” positions amid further dislocation

Chenavari Investment Managers, the London-based credit-focused hedge fund, is building “agile and opportunistic” positions for yet further dislocation in global markets, going long in synthetic instruments – such as synthetic bonds and credit default swaps – and shorting cash assets, predominantly cash bonds.