Is New "Hacker Hedge Fund" in Intimidation Category?

HFA Padded
Mark Melin
Published on
Updated on

Infamous computer hacker Andrew “Weev” Auernheimer is putting his skill set to use, along with his inside knowledge of hacker activities, to start a new hedge fund.  The fund will identify and then short stocks when they believe could be subject to a hacker vulnerability.

Hacker hedge fund

Hacker hedge fund: Is new strategy “slimy?” or “white hat?”

When asked in a CNBC interview if his tactic was “slimy,” Auernheimer entered a new argument seldom heard among activist hedge fund managers, a label the nearly 30-year old convicted hacker now officially wears. But is the man known for hacking into AT&T, a conviction that was later vacated, wearing the white hat now?

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.