{"id":38158,"date":"2013-09-23T11:01:12","date_gmt":"2013-09-23T15:01:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38158"},"modified":"2013-09-23T11:01:12","modified_gmt":"2013-09-23T15:01:12","slug":"open-government-laws-fuel-hedge-fund-profits","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2013\/open-government-laws-fuel-hedge-fund-profits.html","title":{"rendered":"Open-Government Laws Fuel Hedge-Fund Profits"},"content":{"rendered":"<p>WSJ &#8211; When SAC Capital Advisors LP was weighing an investment in Vertex Pharmaceuticals Inc., the hedge-fund firm contacted a source it knew would provide nonpublic information without blinking: the federal government.<\/p>\n<p>An investment manager for an SAC affiliate asked the Food and Drug Administration last December for any &#8220;adverse event reports&#8221; for Vertex&#8217;s recently approved cystic-fibrosis drug. Under the Freedom of Information Act, the agency had to hand over the material, which revealed no major problems. The bill: $72.50, cheaper than the price of two Vertex shares.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424127887324202304579053033444112314.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WSJ &#8211; When SAC Capital Advisors LP was weighing an investment in Vertex Pharmaceuticals Inc., the hedge-fund firm contacted a source it knew would provide nonpublic information without blinking: the federal government. An investment manager for an SAC affiliate asked [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38158","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38158"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38158\/revisions"}],"predecessor-version":[{"id":38159,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38158\/revisions\/38159"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}