Two Sigma Analyst Charged With Confidential Data Theft

Chris Dolmetsch and Tiffany Kary report:

An employee of Two Sigma Investments LLC, an $18 billion quantitative hedge fund, was charged by New York prosecutors with stealing computer data from the company, the latest in a growing number of proprietary financial firm theft cases brought by the Manhattan district attorney.

Two Sigma sued Kang Gao, 28, this month in New York state court in Manhattan after he resigned, stating in the complaint that he had been arrested. Gao was charged Feb. 11 in Manhattan criminal court by District Attorney Cyrus R. Vance Jr., a person familiar with the case said.

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