Latham & Watkins partner Chris Clark explains the Hedge Funds term Big Boy Letter, a letter sometimes entered into in connection with a secondary trade of securities where one party to the trade has more information about the issuer than the other. For additional definitions of hedge fund slang and terminology, visit http://www.lw.com/bookofjargon-apps/boj-hedgefunds. This video was first published by Law360.
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