Article: The Secret Lives Of Short-Sellers

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The Secret Lives Of Short-Sellers: the Rise of Hedge Funds and Indie Research Raises New Questions about a Shadowy World

Jane Sassen

Bloomberg, 10 April 2006

Sitting in a conference room in a Manhattan office, the researcher explains how he digs up financial information, often of the damning variety, for hedge funds and other big investors. His clients need the intelligence because they frequently sell short, meaning they bet on shares falling. “Look at the Web as a giant fish pond,” he says, on the condition that he not be quoted by name. “We try to develop bait that will hook someone who knows more than anyone else.”

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