Monday, May 05, 2008, 5/05/2008 02:34:00 PM

The Trade Secrets of Hedge Funds

By Todd
Portfolio.com published an interesting piece recently concerning the increasing number of suits commenced to stop hedge fund employees from departing to work for a competitor. The article identifies state trade secrets law as a primary legal vehicle for getting injunctions against the departing employees.

Some of the hedge fund employees were responsible for generating proprietary trading models - ones that utilize mathematical formulas in their design. Our favorite quote from the piece? "There's nothing like a bunch of lawyers trying to figure out mean-variance optimization."

Interesting piece.

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