A hedge fund charged with managing part of Harvard University's endowment purchased more than 1 million put

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A hedge fund charged with managing part of Harvard University's endowment purchased more than 1 million put options on Enron stock not long before the company went bankrupt, making tens of millions of dollars in the process. Some members of the university argued that profiting on the collapse of Enron was unethical. What do you say?
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Principles of Managerial Finance

ISBN: 978-0133507690

14th edition

Authors: Lawrence J. Gitman, Chad J. Zutter

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