How long does MNPI last for?

Long story short - I work for a private investment firm that had been discussing a take-private with an independent sponsor for about a year and a half. The deal has gone through several iterations over this time, but we killed it ~6 months ago (at least we passed, not sure if the independent sponsor is still working on it) and haven't engaged with it since.

Now I'm recruiting for public markets roles and have been thinking about pitching the target company - it's actually quite a good business trading at a really compelling valuation. Problem is, I obviously at one point had MNPI (e.g. board materials and management model) and am not sure if the transaction has officially died or if we'd just passed on our end. Would I get in trouble trying to pitch this? Has anybody pitched a broken deal target before?

PS - under ordinary circumstances I would just try to find another target but I have near-term interviews and it's hard to find real value in the public markets at the moment, especially in tech (where I'm focused).

Hedge Fund Interview Course

  • 814 questions across 165 hedge funds. Crowdsourced from over 500,000 members.
  • 11 Detailed Sample Pitches and 10+ hours of video.
  • Trusted by over 1,000 aspiring hedge fund professionals just like you.

Comments (1)

Start Discussion

Total Avg Compensation

June 2021 Hedge Fund

  • Vice President (18) $520
  • Director/MD (10) $359
  • NA (4) $325
  • Portfolio Manager (7) $297
  • Manager (4) $282
  • 3rd+ Year Associate (18) $269
  • 2nd Year Associate (26) $251
  • Engineer/Quant (51) $237
  • 1st Year Associate (63) $188
  • Analysts (183) $168
  • Intern/Summer Associate (15) $125
  • Junior Trader (5) $102
  • Intern/Summer Analyst (205) $82