What is “deep diligence”?
Not talking about PE where you get to go under the hood and you hire Bain to write up reports for you. A lot of Hedge Funds (both l/s equity and distressed/credit) say that they do deep diligence in evaluating investment opportunities. What exactly does this entail besides perusing everything public, doing a bunch of GLG/AlphaSights calls, speaking to management, and talking to the street analysts on the desk and in publishing if relevant. I'm at a shop that does all these things (and we don't go private unless we have to for a RX process or something), but I feel like when I talk to people, this only scratches the surface of what people do when they say they "go deep on names" like an SVPGlobal would.