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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
by SonicSoul 10y ago
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.
- whatok 10y ago> 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.
- SonicSoul 10y agothis was the case at 2 funds I've worked at. So I assumed it was the norm
- slowrabbit 10y agoIt's the default case in the USA, not sure about other countries. The contract has to specifically sign over ownership.