Shostack + Friends Blog Archive


Privacy For Hedge Funds

In “Citadel, Sensitive Data, and Plusfunds’ Bankruptcy” Paul Kedrosky looks at the impact of youthful chattiness on an industry:

Apparently hedge fund Citadel is trying to purchase data from bankrupt Plusfunds that would detail trading strategies at some of its major competitors. The latter company had run a hedge fund index underlying which were trading strategies run by various well-known hedge funds, like Bridgewater, Vega Asset, and so on. By buying the data — at a price of $75,000 — Citadel would have access to detailed data on how some of its competitors trade stocks.

I’ve long believed that Long Term died when their banks started trading against them.