business
Court Orders Former Element Capital Trader to Repay More Than a Year’s Compensation
A former Element Capital Management trader was ordered to repay more than a year's compensation after stealing trade secrets before joining rival Squarepoint Capital. Jeffrey Talpins' hedge fund received the ruling. @business reported the outcome.
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A former Element Capital Management trader was ordered to repay more than a year's compensation after being found to have stolen trade secrets before moving to rival Squarepoint Capital, @business reported. The ruling directs the repayment to Jeffrey Talpins' hedge fund. Element Capital Management and Squarepoint Capital operate as rival hedge funds.
The repayment amount exceeds one year of the trader's compensation.
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