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Home›ETFs & Funds›Equity Funds›Point72 quant claims $30m withheld amid AI code theft…

Point72 quant claims $30m withheld amid AI code theft dispute

Reported · Written up by our desk · Equity Funds

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 research analyst in its KEPL mult i-asset systematic trading team, which specialises in medium-frequency statistical arbitrage. His initial compensation package included a $175,000 base salary, a $50,000

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HedgeweekPoint72 quant claims $30m withheld amid AI code theft dispute

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