How do these companies pay the bills, let alone turn a profit? I love this investigative journalism, but I like to follow the money, to understand why they investigate what they do.
via Math Levine’s piece on Hunterbrook from Bloomberg earlier today: https://archive.is/search/?q=https://www.bloomberg.com/opini...
edit: archive.is appears to be down. here’s the link to the original: https://www.bloomberg.com/opinion/articles/2024-04-02/a-hedg...
Once upon a time, if you shorted publicly traded Corp Z, and then wrote an article negative about Corp Z encouraging others to do so as well, most people were fine with that as long as two things:
1) what you wrote was factual or was an analysis of public acquired information.
2) you declared your financial position on the stock as well.
Post crypto people have done neither.
But if say this new journalistic venture gets the data from public sources, and their honest about it and the hedge fund's position, it's probably fine?
The interesting problem is that reporters will get material non public information and then make it public. But now the hedge fund gets first crack at the information before it's published to the world.
That normally would be insider trading but hiring journalists somehow makes it legal? I'm not sure.