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.
Nick BonyhadyTechnology writer
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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