US charges fired Two Sigma quant researcher with fraud

By Jonathan Stempel NEW YORK (Reuters) -A former quantitative researcher at Two Sigma Investments has been indicted for fraud, after allegedly manipulating the large hedge fund's algorithmic models to generate a $23.5 million payday for himself while causing $165 million of harm to clients, U.S. authorities said on Thursday. The U.S. Department of Justice said Jian Wu was indicted on wire fraud, securities fraud and money laundering charges. Wu, 34, a Chinese citizen who has lived in New York, also face ...