> Instead you go to an anonymous arb firm, for $1m in bonds, and you say, "okay we're going to sell you the bond that is actually ours, you will sell it back to us, here is your fee, now we can sell this bond back to the client and wash the fact that it is ours."
If this was actually how the world's biggest hedge funds work, somebody would have written a whistleblower article by now.
If this was actually how the world's biggest hedge funds work, somebody would have written a whistleblower article by now.