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Former hedge fund analyst indicted in NY for trading model theft

Reuters – A former analyst for hedge fund Two Sigma Investments LLC was indicted in New York on Tuesday on state charges he stole information about the fund’s confidential computer trading models.

Kang Gao, a Chinese national who worked as an analyst for the fund, was indicted on 11 felony counts related to the theft and copying of secret information about the hedge fund’s trading methods, according to an indictment released by Manhattan District Attorney Cyrus Vance.

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