# Prof. Robert Whitelaw on investing and transparency

1 Faculty News December 22, 2014 ![Institutional Investor logo](/sites/default/files/styles/246w/public/assets/images/con_032206.jpg?itok=XtTdDJtV)>

Excerpt from [Institutional Investor's Sovereign Wealth Center](http://www.sovereignwealthcenter.com/Article/3412599/governance/Targeting-Transparency-and-Governance-Watchdogs-Nip-at-SWFs-Heels.html?ArticleId=3412599#.VK1fISvF_Tp) -- "'If you’re trying to build a large position in an asset, you don’t want to to see a run up in the price of the asset,' says [Robert Whitelaw](http://w4.stern.nyu.edu/faculty/bio/robert-whitelaw), chairman of the finance department at New York University’s Leonard N. Stern School of Business. 'People will front-run you. Conversely, if people know you have a long position, they may know you’re going to sell and front-run by shorting on the way down.'"

[Read more](http://www.sovereignwealthcenter.com/Article/3412599/governance/Targeting-Transparency-and-Governance-Watchdogs-Nip-at-SWFs-Heels.html?ArticleId=3412599#.VK1fISvF_Tp)