News for hackers. Stuff that matters.

A comment on Hedge Fund Is Building an Algorithmic Model From Its Employees’ Brains. Parent comment

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.

[ Parent | on HN ]
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.
[ Parent | on HN ]
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
[ Parent | on HN ]