Sunday, September 4, 2011

The Citadel employees allegedly fired for passing confidential Info

Chicago-based hedge fund Citadel has allegedly fired an employee who has been accused of installation of unauthorized applications on the Citadellets computer system before you move the confidential information to foreign computers.

Quantitative financial engineer Yihao Ben Pu was also fired Tuesday for "repeatedly lying to Citadel on its activities", Crain's Chicago Business reported.

In addition, said Citadel phone records prove that Pu have been in contact with a rival, Teza technologies about job opportunities.

A judge ordered Mr. Pu not to use or disclose any confidential information or destroy evidence, but did not ask him to immediately reverse the property claims of the Citadel, according to Crain's Chicago Business report.

The Citadel has 11 billion dollars in assets under management.

Go to Chicago Business article

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