Quant Researcher Jian Wu: Accused of Model Tampering at Two Sigma
Accused of unauthorized model changes, generating $620 million in unexpected gains and losses. $450 million allegedly benefited specific funds. Accusations shed light on Wu’s otherwise private professional life. Jian Wu, a 33-year-old researcher at Two Sigma Investments, is accused of making unapproved changes to the hedge fund’s investing models, resulting in $620 million in unanticipated … Read more