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If they actually do this: "Nussbaum says Blue Heron employees will not misrepresent themselves or lie for a client. “And we will not knowingly violate any rule
by sonnyblarney 7y ago
If they actually do this:
"Nussbaum says Blue Heron employees will not misrepresent themselves or lie for a client. “And we will not knowingly violate any rules, regulations, or laws. We will keep our client's confidence very strictly. We will never disclose the name of our client or provide any identifying information that would allow somebody else to identify our clients. We will not say we are working for X if we're working for Y. We would just decline to answer a question or say we're not at liberty to say,” he explains."
Then I think it's actually a noble profession.
'Truth Hackers'.
There's a big podcast on FT about these guys - they are the one's the dig out all of the corrupt dictators illegal holdings around the world (i.e. Argentina wants to default on it's loans, when a ton of money was stolen by politicos and hidden in offshore accounts, so the hedge fund managers holding the bonds want to 'find the money') and arguably that's a 'social good'.
But do they stick to that moral impetus ? That's the question ...
- PedroBatista 7y agoHistory says they will not, but life is the journey not the destination so it’s good while it lasts.
- TACIXAT 7y agoLink to the podcast?
- sonnyblarney 7y agoIt's in iTunes, sorry no link. Search FT Alphachat podcast. It's recent about 'the most complicated debt restructuring ever'. About a month old. They talk about PE companies who buy up distressed debt and then go after it aggressively.