Christopher Holt submits:

The debate over short selling often pits traditional “long-only” managers against the upstart alternatives: hedge funds. But as this report in yesterday’s FT points out, the lines between “traditional” and “alternative” are blurring quickly. The Alternative Investment Management Association ((AIMA)) has been an ardent defender of the hedge fund industry against what it sees as unfair criticisms in the media (see related posts).

But now associations of “traditional” investment managers have come to the defense of short-selling. In fact, according to the FT, the Investment Company Institute ((ICI)) in the US, the Investment Management Association of the UK ((IMA)), and Australia’s Investment and Financial Services Association ((IFSA)) have each warned regulators against requiring short-sellers to publicly reveal their short positions.

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