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Billionaire Dan Loeb’s Quant Trading Effort Sparked Legal Battle Over 32-Year-Old Data Scientist

In November, Matthew Ober tendered his resignation as co-head of data strategy at Igor Tulchinsky’s WorldQuant, a quantitative trading firm that trades for billionaire Israel Englander’s Millennium Management, one of the biggest hedge funds on Wall Street with $34 billion under management.

Ober, 32, told his bosses that he would be joining Third Point, the $17 billion hedge fund run by billionaire Dan Loeb. Ober had been making $200,000 annually at WorldQuant, but Loeb had offered Ober an annual salary of $2 million to be Third Point’s chief data scientist, legal filings show.

Source: forbes.com
Author: Nathan Vardi

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