Quant Sued by Point72 Says Firm Trying to Keep His $30 Million

Legal Quant Sued by Point72 Says Firm Trying to Keep His $30 Million A former research analyst whom Point72 Asset Management’s quantitative trading arm has accused of stealing source code says the dispute is really an attempt to deprive him of $30 million that he’s owed. In a Wednesday court filing, Xin Jin denied Cubist Systematic Strategies’ allegations that he used artificial intelligence tools to steal code with the goal of joining a rival. Jin called the lawsuit “defamatory” and said the firm was trying “to pressure him to give up the money and investments owed to him.”