"Jane Street's Trade Secrets: Accusations and Lawsuits"
TL;DR Summary
Jane Street is suing two former traders, Daniel Spottiswood and Doug Schadewald, for allegedly taking a lucrative secret trading strategy to hedge fund Millennium, which offered Schadewald a significant pay increase and profit sharing arrangement. The strategy involves analyzing signals and predicting future market activity. Meanwhile, 91-year-old hedge fund legend Edward Thorp shares tips for longevity, including minimizing bad outcomes and regular checkups. In other news, macro trader Ben Melkman is joining Bridgewater, and UBS and Barclays have made hires in the US.
- Morning Coffee: 26-year-old trader & colleague accused of selling Jane Street's "shocking" secret. 91-year-old hedge fund legend's approach to longevity eFinancialCareers
- Jane Street accuses Millennium Management and two ex-employees of stealing trade secrets Financial Times
- Izzy Englander's hedge fund sued by rival who claims trade secrets were stolen New York Post
- Jane Street Accuses Millennium, Ex-Traders of Stealing Strategy Bloomberg
- Jane Street Says Millennium, Ex-Workers Stole Trade Secrets Law360
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