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

The Trade Secrets of Hedge Funds

By Todd 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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