Faculty News
Prof. Robert Whitelaw on investing and transparency
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Excerpt from Institutional Investor's Sovereign Wealth Center -- "'If you’re trying to build a large position in an asset, you don’t want to to see a run up in the price of the asset,' says Robert Whitelaw, chairman of the finance department at New York University’s Leonard N. Stern School of Business. 'People will front-run you. Conversely, if people know you have a long position, they may know you’re going to sell and front-run by shorting on the way down.'"
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