Schonfeld Sues Millennium PM in $11M “Gazumping” Feud:

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Schonfeld Sues Millennium PM in $11M “Gazumping” Feud:

hedgeco

4 months ago

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(HedgeCo.Net) Schonfeld Strategic Advisors has ignited a high-profile legal battle that is sending ripples through the hedge fund industry, filing suit against a former portfolio manager accused of reneging on a signed employment agreement in favor of a more lucrative offer from Millennium Management. At the center of the dispute is an alleged $11 million “gazumping” breach, a term more commonly associated with real estate transactions but now increasingly relevant in the fiercely competitive wo...

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