Hedge Funds Now Tracking Private Jets to Try and Anticipate M&A Deals
5th July 2019
If there was one legal clue telegraphing Occidental Chemical’s recent investment by Warren Buffett before it happened, it was that an Occidental owned private jet had been spotted at the Omaha airport. That’s why, according to Bloomberg Businessweek, more hedge funds are now tracking private jets and flight data for information on potential coming merger and acquisition deals.
Life imitates the movies. (I really dislike the colloquialism ‘try and’ for ‘try to’.)