Is this ethical? At a consultancy that has a lot of PE and HF clients. Part of our work and our pitches to them we devise a lot of investment strategies that may end up being developed further by our clients. The work that we do at the initial stage is already quite thorough and could easily be repurposed for personal investments.
Question is, is it ethical? Is it even legal?
To be clear, I'm NOT suggesting using any investment recommendations, privileged information nor any research work that we have done for clients. I'm simply thinking of reusing the concepts, which will likely involve rebuilding some models, then inputting my own personal research and parameters.
Opinions much appreciated. I am of the opinion that it's ethical so I'm thinking of doing this soon unless I come across a red flag before then.