A former Element Capital Management trader has been ordered to forfeit more than a year’s worth of compensation after an arbitrator found he disclosed confidential information before joining rival hedge fund Squarepoint Capital, according to a report by Bloomberg.
Arbitrator Holly Weiss ruled that Andrew Buonauro breached his employment agreement by sharing Element’s proprietary trading information with Squarepoint before leaving the firm in 2022. She found Element was entitled to recover all co...
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