Shanghai hedge fund Pinestone denies US charge against co-founder for trade-secret theft

Quick Summary:

US Attorney’s Office in Massachusetts indicted Xiao Zhang last month for stealing trade secrets while working for an unnamed US fund in 2021.

Zhang accessed his employer’s networks from China and made copies of its code, projects and research, it alleged.

Zhang worked at Boston-based Arrowstreet Capital in 2021, according to the Asset Management Association of China.

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Article Details

Author / Journalist: Cao Li

Category: Business

Markets: Hong KongChina

Topics: China Stealing Management Zhang Asset Trade Hedge Fund Charge Pinestone Secrets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 20:31:09 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 194 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23585225

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