Corporate Travel v VGI stoush highlights disclosure blind spots
In the cosy world of corporate Australia, the bitter confrontation between hedge fund VGI Partners and Corporate Travel is the talk of the town.
But as the attack intensifies, one complication has been making sure the market is "fully informed".
It's an issue that is presenting specific challenges to Corporate Travel, VGI Partners, the exchange and the regulator and is exposing the reality that there is no real template in how to disseminate what is clearly market-moving information.
Once the dust settles a playbook may emerge to work around the bizarre disclosure blind spots that can arise when "wholesale" institutions openly call out public com...