This US$1.6 trillion fund says short selling is wrong

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JAPAN’S Government Pension Investment Fund (GPIF) has been a trailblazer in promoting the need to incorporate environmental, social and governance issues into the day-to-day job of portfolio construction. With US$1.6 trillion under management, it has a lot of firepower in the investing world.

So its recent stand against short selling, judging the practice to be incompatible with its role as the long-term custodian of multi-generational assets, is worth paying attention to.