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Hedge Fund Fraudster 'Relieved' After Being Deported to China

  • Ke Xu was convicted of stealing quant trading strategies
  • Former firm had previously sued to block his return home
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Photographer: Andrew Brookes/Cultura RF

A hedge fund analyst sent to jail for stealing confidential trading strategies from a London firm was “relieved” to be deported back to China after spending four-and-a-half years behind bars, his lawyer said.

Ke Xu was convicted in 2015 of downloading algorithms from London-based G-Research, part of a group of companies run by hedge fund executive Peter de Putron. Xu, who was born in China, served three sentences in the U.K. after G-Research pursued him for failing to return the code. He had been seeking a return home since at least 2017.