These aren’t quite as under-the-cover as you think, and at least one is definitely illegal, but these are decent examples of the kind of thing hedge fund PMs/analysts spend time thinking about.https://twitter.com/FabiusMercurius/status/1492569620569489409 …
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Like the insider-trading case where they bought the ETF and shorted all the other stocks. Too clever. Still got caught.
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If that “Smells like arbitrage” I must have anosmia
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