New Hedge Fund Combines Journalism and Trading, Sparks Debate on Hedge Fund Strategy

A new hedge fund plans to run a news division and trade based on its own journalists breaking news on 'publicly available material'. The fund will hire scores of former reporters and publish all of their work, but it is not considered a journalistic endeavor. The concept of journalism as a tool for trading is being debated, with some drawing similarities between journalism and insider trading. The fund's strategy of trading on news unearthed by its own investigative reporting is generating interest and discussion.