Hedge Fund Is Building an Algorithmic Model From Its Employees’ Brains

Re:Hedge Fund Is Building an Algorithmic Model From Its Empl... by SonicSoul on Thursday December 22, 2016 @12:42PM (#13238875)

not necessarily. some (maybe most?) black box quants own their algorithm even if they leave the Hedge Fund. And of course they make profits while the algos are used. So the architects of the system are incentivized for it to work well.

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Re:Hedge Fund Is Building an Algorithmic Model From Its Empl... by whatok on Thursday December 22, 2016 @12:51PM (#13238949)

> some (maybe most?) black box quants own their algorithm even if they leave the Hedge Fund.

I've never observed this be the case at all.

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Re:Hedge Fund Is Building an Algorithmic Model From Its Empl... by slowrabbit on Thursday December 22, 2016 @03:24PM (#13240089)

It's the default case in the USA, not sure about other countries. The contract has to specifically sign over ownership.

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Re:Hedge Fund Is Building an Algorithmic Model From Its Empl... by SonicSoul on Thursday December 22, 2016 @01:22PM (#13239184)

this was the case at 2 funds I've worked at. So I assumed it was the norm

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