Hedge Fund’s Payments for Ideas Drew Tipsters From Dark Side (1)

Squarepoint Capital collects ideas for its quant hedge fund from all over the world, with gleaming offices in London, Singapore, Dubai, New York and one above a Paris art gallery near the Champs Elysees.

It also paid for stock tips from an Albanian day trader working in a cramped flat on the other side of London that she shared with her brother. Oerta Korfuzi toiled there on a large curved screen in the corner of her living room, squeezed between an alcove and a grey L-shaped sofa.

That was until March 24, 2021, when agents from the Financial Conduct Authority arrested Oerta and her ...