Japan's Government Pension Investment Fund (GPIF), the world's largest...
TOKYO - Japan’s Government Pension Investment Fund , the world’s largest pension fund, has suspended stock lending for short selling, calling the practice inconsistent with its responsibilities as a long-term investor.
“The current stock lending scheme lacks transparency in terms of who is the ultimate borrower and for what purpose they are borrowing,” the GPIF said on its website. Elon Musk, the chief executive of Tesla , a popular target for short sellers, was quick to applaud the GPIF’s move.
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