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Hedge fund ARCM hit with fine in Asia two years after Premier Oil short penalty
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fnlondon.comHong Kong’s Securities and Futures Commission fined Asia Research and Capital Management $1.75m for failing to comply with European Union’s short-selling reporting requirements.
The hedge fund's disclosure breach relates to its 2020 short position in Premier Oil. In October 2020, the FCA announced a fine of £873,118 on ARCM for not reporting the same position between 22 February 2017 and 3 December 2019. Unlike in the US, many European regulators require funds to disclose publicly short positions exceeding 0.5% of a stock's...
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