Macquarie acknowledges 60 short-selling ‘suspects’
Around 60 current and former Macquarie Group staff including the company’s chief executive have been acknowledged as having been designated as suspects in a German investigation into short-selling activities almost a decade ago.
Macquarie Group Limited (MGL) has issued a formal assurance that it has appropriately provisioned for continuing action by German authorities relating to what it describes as an “historical German lending transaction”.
The big financial services group said the provisioning related to the transaction in 2011 and involved an industry-wide investigation relating to dividend trading.
“As part of their industry-wide investigation, the authorities have recently designated as suspects approximately 60 current and former Macquarie staff in relation to historical short selling-related activities, most of whom are no longer at Macquarie and some of whom are already named in relation to the 2011 lending matter, including the MGL CEO,” the company told the Australian Securities Exchange (ASX).
“No information of detail or particularity has been provided regarding the naming of these people other than that it relates to short-selling related activities.”
“The total amount at issue is not considered to be material and MGL has provided for the matter. We note that no current staff members have been interviewed to date,” the ASX statement said.
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.
