Hedge Fund Sued for Trade Secrets Theft From Research Firm (1)

Solstein Capital LLC and its founder and chief executive officer were sued by Hedgeye Risk Management for allegedly scheming with a former employee of the investment research firm to steal trade secrets.

Hedgeye claims Solstein and its founder, Nadine Terman, conspired with its former managing director Darius Dale to take Hedgeye’s proprietary research and launch a company, “42 Macro,” whose business consists of selling research derived from Hedgeye’s financial models.

Terman paid hundreds of thousands of dollars over five years to access Hedgeye’s research and a predictive macro forecasting process, according to the suit, filed Wednesday in Manhattan federal ...