Alternative Investment Management Association | Australia

Alternative Invest. Association

Alternative Investment Management Association

Kim Ivey, chairman of the Australian arm of the Alternative Investment Management Association said Australian banks no longer needed further government protection. He said the ban was damaging market liquidity and denying investors the ability to protect their capital in falling markets.

"The situation has reached a stage where this extension of the short-selling ban will have severe and immutable long-term effects," said Mr Ivey. "The markets are in disequilibrium – they are lurching all over the place because there is a vacuum of buying."

The Australian Securities and Investments Commission yesterday extended the ban on covered short-selling for non-financial stocks until November 19, but said a ban on shorting financial stocks would continue until January 27.

Related to Alternative Investment Management Association | Australia:

• Geographical Hedge Fund Guides
• Hedge Fund Employment Guide
• Financial Certification
• Hedge Fund Forum
• Prime Brokers
• Hedge Fund Software
• Investment Book
• Hedge Fund Terms and Definitions
• Commercial Real Estate Brokers
• Hedge Fund Database

Tags: Alternative Investment Management Association | Australia, Australian Alternative Investment Association, alternative investments association, association for alternative investments