Short selling media company long odds for Australia
Defamation claims, insider trading rules and regulatory pressure make the model likely unviable in Australia, says Bronte Capital’s John Hempton.
A hybrid short seller and media company billed by its boosters as a new way to fund journalism would face crippling obstacles in Australia including insider trading rules and defamation lawsuits.
Hunterbrook, a combination hedge fund and newsroom that has raised $US100 million ($152 million) to invest, published its first investigation last week targeting the largest US wholesale mortgage lender.
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