Insider Trading at the Oyster Bar? But of Course

The insider trading case spotlighted in the preceding post probably isn't the last involving hedge funds. The more assets hedge fund managers control, the more eager brokerage firms become to court them.

But other cases surely won't feature such an appropriate venue as the Oyster Bar in New York's Grand Central station. The great hallway outside the Oyster Bar is vaulted even more grandly than the interior. Its remarkable acoustics are legendary. Stand at one corner of a hallway vault, whisper softly, and someone standing at the other end of the diagonal vaulting can hear you clear as a bell.

Thanks to those acoustics, a broker and a hedge-fund manager could converse without looking at each other and from a distance of perhaps 15 feet.

I can see the scene recreated on Law and Order now!