The Triple Jeopardy of a Chinese Math Prodigy

[hillfronter83]

https://www.bloomberg.com/news/features/2018-11-19/the-triple-jeopardy-of-ke-xu-a-chinese-hedge-fund-quant

[sleepydragon]

I am willing to bet none of those “alpha signals” he stole are profitable this year, or even last year or the year before. Young guy thought he found gold but almost all “alphas”, except Buffett’s buy and hold value investing approach,  have short half lives

[Pelagic]

One can only imagine what the fund spent on their lawyers to prolong the case(s) against him. Wonder how profitable those strategies look once you factor in 10s of millions in lawyers fees to defend them.

 

And yes it does look like the strategies themselves had a shelf life, the fund's goal seems to be to keep him behind bars or in a UK immigration detention center until they expire. A bit frightening from a civil liberties perspective to see how a well funded private entity can use public resources (courts, immigration, etc.) to keep someone detained for an extended period of time past their original sentence - not sure how a similar case would play out in the US.

[sleepydragon]

One can only imagine what the fund spent on their lawyers to prolong the case(s) against him. Wonder how profitable those strategies look once you factor in 10s of millions in lawyers fees to defend them.

 

And yes it does look like the strategies themselves had a shelf life, the fund's goal seems to be to keep him behind bars or in a UK immigration detention center until they expire. A bit frightening from a civil liberties perspective to see how a well funded private entity can use public resources (courts, immigration, etc.) to keep someone detained for an extended period of time past their original sentence - not sure how a similar case would play out in the US.

 

I think in US it’s harder(better for employees) The new employer usually have lawyers and they will fight in the court while the guy is working for them. Also, in California you can’t enforce none-compete so people can go there work for a year and then get freed. This of course doesn’t apply to this case where this guy were stealing colleague’s code and computers.