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0:00 Caller: This call is being routed by Google.
0:00 You: This call will be recorded.
0:10 Caller: The cost of this call is 1 cents per minute.
0:20 Caller: Hi, Judd. How are you?
0:20 You: hey graham what's up i'm well just trying persuading the kid to change his clothes get ready for school usual morning
0:27 Caller: Um...
0:29 Caller: I hope that sounds... I hope that's as hopeful as it sounds. Um...
0:40 Caller: So pretty much I...
0:40 You: I'll use fewer orders the later the longer he dries on.
0:45 Caller: Well, hopefully he'll get chased soon.
0:50 Caller: So I caught up with Craig and Ben this morning and just give them the details.
0:59 Caller: Ben's of...
1:00 Caller: going to try to get the details on the trading and IP stuff done today but one of
1:00 You: Thank you.
1:08 Caller: the things that they want me to kind of get a clear kind of picture on and get ahead
1:13 Caller: of is there's a clear understanding that with the health tech fund that you're interviewing
1:20 Caller: with, chances are they will be a lot less restrictive with regards to trading and IP. So we don't want to, yeah.
1:20 You: The problem with health is the work is very heavily regulated.
1:34 You: So that's the problem I'm trying to assess with them.
1:40 Caller: I don't know.
1:40 You: quickly can I iterate. That's the downside with health tech, at least in the U.S.,
1:47 Caller: Uh, they can.
1:51 You: I'm sure it's worse in Europe.
1:56 Caller: Um, just to...
2:00 Caller: And then, okay, one second, let me just get all the rolls up.
2:00 You: Thank you.
2:07 Caller: So one of the points is, well, just to ignore that, the question that they wanted me to post to you is because with Elliot,
2:16 Caller: legally, once they do put an offer down for you, they obviously cannot.
2:20 Caller: interview anybody or proceed any processes with anybody for a week once they do present an offer to you.
2:20 You: Is that a US rule?
2:26 Caller: So the question that they wanted is a legal obligation that they have. Yeah, so should they give you an offer?
2:30 You: Because...
2:31 You: Interesting.
2:40 Caller: within a week they cannot speak to anybody else regarding the same position they can not
2:40 You: Thank you.
2:45 Caller: continue any other processes with that position so with that in light one of the questions
2:51 Caller: that i've been essentially posed to put to you is give me the main reason why you would
2:57 Caller: want to stay in the earlier process um
3:00 Caller: specifically like let's put earlier like specifically should everything be in a similar light
3:00 You: Thank you.
3:08 Caller: whereby you're allowed to trade you're allowed to pretty much go through your IP as normal
3:16 Caller: let's say that those restrictions aren't there
3:20 Caller: What is the main reason as to why you want to continue with the earlier process?
3:20 You: The way the AI problem was described to me suggests that I already have a ready set of solutions to achieve early wins and hopefully win budget to try for
3:40 Caller: Thank you.
3:40 You: lack for a better term moonshot type attempts or research. So that's what David suggested. He didn't
3:49 You: fully affirm it, and for good reason, he doesn't control that part of the budget. But that
3:53 Caller: Um...
3:55 You: was what was intimated by David and was originally hinted by Brett.
4:00 Caller: Would you say this is the defining reason for Elliot or is there more?
4:00 You: It is an advantage that
4:14 You: is an advantage that Elliot currently possesses.
4:19 You: That's one of the
4:20 Caller: Thank you.
4:20 You: well that's i guess one of the unique characteristics of a hedge fund that isn't explicitly
4:24 You: quantitative
4:25 Caller: Thank you.
4:27 Caller: Thank you very much.
4:32 Caller: Thank you very much.
4:35 Caller: I'm sorry.
4:37 Caller: Thank you.
4:40 Caller: Okay, the other question they wanted me to pretty much ask to you is they're going to get the terminology from compliance, so would you want to, and this is the main kind of thing that Craig and Jet...
4:40 You: Thank you.
5:00 Caller: and bed need to know while going back to Elliot is would you want to wait for the other offers first and then consider Elliot's offer or would you want to continue all the way because if we were to put Elliot on hold and let them know that you were
5:00 You: We're going to be.
5:20 Caller: have other processes ongoing that potentially rank higher than Elliot you'd want to see those
5:20 You: I'm
5:25 Caller: things first and get the offer first and then finish with Elliot and then have that conversation
5:30 Caller: with them is just because Elliot don't want to get into a bidding war that's first point and
5:36 Caller: foremost and as our client we need to protect them from that so we understand the
5:40 Caller: 400 is okay with you and if it's within a 50k range that the role itself will carry on more
5:40 You: Thank you.
5:46 Caller: and the IP and trading sanctions will obviously carry more weight in your decision making
5:52 Caller: but without that in line we kind of need to know specifically where Elliot sits in
6:00 Caller: your preferences should everything kind of go to play. So the question on putting it, yeah,
6:00 You: So you want Elliot to be the last to present an offer.
6:09 Caller: not the last to present an offer, but it's more we want to put Elliot in a position whereby
6:14 Caller: they don't want to feel as if they're being dragged along.
6:20 Caller: because they are a process they we want them to feel and we want you to also have that feeling
6:20 You: You know what?
6:25 Caller: that this is going to be a job that you would like to take this is going to be a job that you'd
6:31 Caller: likely be happy with but before we get to that point we want to know pretty much it's just
6:36 Caller: pretty much if we
6:40 Caller: we don't want to put you in a position and we equally, I can't put the clients in that position.
6:40 You: We're going to be.
6:44 Caller: So if it's comp, if it's culture, we need a reason for why you want to work with Elliott
6:51 Caller: rather than what the advantage of Elliott is now in this kind of section of question.
7:00 Caller: Yeah.
7:00 You: then you may not like my answer graham on comp on culture on the problem at least to-day all of the processes are peers it's the same problem represented different ways in different industries for different purposes that's part of my struggle trying to understand why
7:07 Caller: Mm.
7:09 Caller: Mm.
7:10 Caller: Mm.
7:12 Caller: Mm.
7:15 Caller: Mm.
7:17 Caller: Thank you.
7:20 Caller: You don't have a good answer.
7:20 You: an activist hedge fund or how AI benefits an activist hedge fund over a two different
7:26 You: feces at private equity firms over a quantity smaller quantitative fund I don't
7:33 You: have a good answer so if Elliot is concerned about a bidding war
7:37 Caller: So if we were...
7:40 Caller: Uh-huh.
7:40 You: and they have every right to be, then we can certainly push that process back.
7:47 Caller: Uh-huh.
7:48 You: My only request then is once I have any competing offers in hand,
7:56 You: Elliot would need to move quickly.
7:57 You: I don't want to lose this process.
8:00 Caller: Yeah. Yeah. So. So.
8:00 You: because they couldn't finish their process fast enough.
8:07 You: So I know we've been a little hung up on this trading and IP restriction,
8:11 You: I think, now for two weeks.
8:14 You: I don't understand.
8:15 You: It's why they can't issue a copy of the policies.
8:20 Caller: Yeah.
8:20 You: so that when I speak, assuming I speak with their compliance, whoever is from compliance,
8:26 You: I can ask the specific questions over the policy instead of having to do that directly on the call.
8:33 You: The research and the, what's it called, the research and the question forming prior to the call.
8:40 Caller: Yeah. So, okay, all right, let me do this. Can I put you on a call with Craig, say, in the next kind of 10 minutes so he can kind of do a bit?
8:40 You: So I can come in, be productive, get my answers resolved, and hopefully just slingshot Elliott to number one.
9:00 Caller: more digging with you.
9:00 You: Sure, I leave in half an hour to bring the kid to school, just so you know.
9:01 Caller: I feel he has a better understanding of the terminology
9:03 Caller: and a better understanding of the answers
9:06 Caller: that you would have, that will probably help me proceed better.
9:09 Caller: Is that okay?
9:12 Caller: All right.
9:14 Caller: Yeah, yeah, yeah, yeah, yeah, okay, one second.
9:15 You: All right.
9:20 Caller: Thank you.
9:20 You: I'm going to put this in an empty bag
9:26 You: Okay, go ahead
9:28 You: And I don't find one of them