Hedge Funds Gambling With CEOS’ Futures
September 17, 2007
//BY STEFAN LINSSEN & ROBERT MCGARVEY
One night in the not-so-distant future, an associate at the Thai office of an international hedge fund learns from a Chinese government official (who moonlights as a consultant to the fund) that an American technology company likely paid a series of bribes to win deals.
The fund shorts the stock and then sends an anonymous tip to the U.S. Department of Justice (DOJ). DOJ launches an investigation. // Read more.
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October 3rd, 2007 at 3:08 pm
Thanks for this very enlightening and well articulated piece. It puts into perspective the reasons for many overly exaggerated stock movements that were previously opaque to me.
October 2nd, 2007 at 5:53 pm
This is a very good, well reseached article.