From the archive
Why the world’s biggest investor has called time on short selling
Original source: www.independent.co.uk
The world’s biggest pension fund has sent a shiver through the financial markets by stating it will cease lending shares to those seeking to profit from falling prices.
GPIF, the Japanese public pension fund, has a ¥80tn (£570bn, $733bn) portfolio.
The move affects the overseas part of it, which comes to $370bn, and it could have far reaching implications for the world’s stock exchanges if others follow suit.