Ignorance indeed is bliss for hedge funds that lend money to European companies, as the hedgies have been following a “don’t ask, don’t tell” policy of sorts. While most lenders want to know more about the companies borrowing from them, according to Dow Jones, hedge funds want to know less, or, preferably, nothing at all. Hedge funds want to continue investing in those same companies, DJ reports, and once HFs come into possession of nonpublic information, they are barred by law from doing so. The exception is if the firm has a Chinese wall, which prevents traders from getting their hands on that information for their benefit. Hedge funds are so adamant about not being left out of the loop, says DJ, that they have threatened to sue companies and bankers that have bestowed the info upon them. Attorney David Campbell of law firm Allen & Overy told DJ that smaller funds that don’t have Chinese walls and want to continue to invest, may “chuck [material nonpublic information] into the binder and say not only will we not read it, we don’t want to see it or for there to be any suggestion we could have read it.”