Short selling ban not enough: Allianz

Allianz Global Investors believes the German ban on naked short selling is inadequate.

Harald Sporleder, senior fund manager of the group's RCM Discovery Strategy fund, says the Government should have banned all forms of shorting and derivative trades. "The German government has not gone far enough in only banning naked (uncovered) short selling and not all short selling outright," he says. "The majority of hedge funds now undertake only covered short selling. In addition, derivatives are not included in the ban."  However, he concludes Germany should not have made the decision unilaterally. "At the end of the day, there is little sense in Germany acting alone. Su...