I Apologize if this is the wrong place to ask this question.
Fund A has large short position and underwater on the stock.
The stock is on the hard to borrow list (brokers are calling clients asking permission to lend out shares and offering rates).
Can fund A sell the entire position to another fund out side of the market rather than covering.
There must be a market value on the ability not to find shares to borrow.
Comments?
Fund A has large short position and underwater on the stock.
The stock is on the hard to borrow list (brokers are calling clients asking permission to lend out shares and offering rates).
Can fund A sell the entire position to another fund out side of the market rather than covering.
There must be a market value on the ability not to find shares to borrow.
Comments?