No. It's not. However, as pointed out elsewhere, you can trade on many types of non-public information. Indeed, hedge funds engage in all sorts of surveillance

No. It's not. However, as pointed out elsewhere, you can trade on many types of non-public information. Indeed, hedge funds engage in all sorts of surveillance in order to get non-public material information to trade on which gives them a proprietary edge. You just can't trade on insider information. That's a very complex legal line.