Jane Street's gigantic revenues per head look a lot larger than Milllennium's
Jane Street's people seem to be by far the most productive.
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Jane Street's people seem to be by far the most productive.
Speculation has swirled around the strategy since Jane Street filed its April 12 suit. The firm’s description in its complaint was heavily redacted, but the strategy was called “immensely valuable.”
(Bloomberg) -- Millennium Management accused Jane Street Group of playing games by not fully disclosing the proprietary trading strategy it claims was stolen by two former traders who joined Izzy Englander’s hedge fund group.Most Read from BloombergBHP’s $39 Billion Copper Play Was Years in the MakingAI Boom’s Secret Winners? The Companies Expected to Power ItApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingThe L
Jane Street had sued Millenium Management and two former employees, Douglas Schadewald and Daniel Spottiswood earlier in April, for allegedly stealing a “highly valuable, unique, and proprietary” trading strategy
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