Forget Following Price, Hire a Private Detective!

From Bloomberg:

“Chapman Capital, a Los Angeles- based hedge fund, is seeking a private investigator to monitor the private lives of company executives, the Financial Times said, citing a job advertisement on a New York Web site. Robert L. Chapman, who runs the fund, is known for writing blunt letters to companies and has warned in the past he would use covert intelligence, the newspaper said. “Understanding what is motivating executives of underperforming companies is a big part of our efforts,” the newspaper cited Chapman as saying in an interview.”

Would you put money with Chapman Capital? Seriously, they view this as part of their investment process?