Point72 quant claims $30m withheld amid AI code theft dispute
Point72's quant trading division Cubist Systematic Strategies is facing a legal dispute with former analyst Xin Jin, who claims the hedge fund is withholding more than $30m in investments and compensation, following allegations that he used artificial intelligence tools to extract proprietary research and trading code, according to a report by eFinancialCareers. Jin joined Cubist in 2019 as a…
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