(HedgeCo.Net) In a rare and consequential show of unity, two of the world’s most influential quantitative hedge funds—Two Sigma and D. E. Shaw & Co.—have joined forces to challenge a proposed regulatory overhaul from the U.S. Securities and Exchange Commission. At the center of the dispute lies a fundamental tension between transparency and intellectual property: how much information should sophisticated market participants be required to disclose without compromising the proprietary strateg...
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