2 ms·

>It's not, by itself, necessarily unethical. can you explain this line? I was shocked to read it after your first paragraph and I can't imagine why you wrote

• Bartweiss 9y ago
  I believe that's about "who may or may not have been on the diligence team". It's not inherently unethical, because the investment firm employee starting the hedge fund may not actually have any secret knowledge. But it's deeply alarming, because it's very possible (and hard to confirm) that they do have secret knowledge, so that practice is generally illegal even when it's not unethical.
  • logicallee 9y ago
    if gp confirms that's what they meant then that's fine. (it seemed unlikely due to the word "having".)