Millennium’s Grunfeld Says Schonfeld Trying to ‘Coerce’ Move

Millennium Management portfolio manager Adam Grunfeld asked a New York judge to throw out a suit filed against him by Schonfeld Strategic Advisors, saying the rival hedge fund group was essentially trying to pressure him to join.

Schonfeld sued Grunfeld in April for allegedly reneging on a March deal to move from Millennium, claiming he agreed to pay $11 million if he backed out. But in a Friday court filing, Grunfeld said that figure was a signing bonus he never received and Schonfeld was misusing a clawback provision in a “transparent and illegal attempt to coerce” him to move. ...