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FTC Announces Rule Banning Noncompetes
What do you all think about this new rule? If I understand correctly (and I might be wrong), it'd make existing non-competes for most of the folks (except for the ones in CXO level) null and void. Do you think this will be implemented? WSO didn't let me post the link to the article
Non-Compete Agreement - Moving from Prop Trading firm to HF
I am currently working at a mid-large size well know market-making company and have been thinking of moving to work at a smaller hedge fund in the southeast. I have networked heavily to find this position...but I have a noncompete to worry about. The non-compete is for 1 year. If I end up leaving...
Non-Compete Section for IB Analysts
I've searched the forum for an answer here, but I haven't found many relevant discussions: I've received an IB analyst offer for a boutique firm that specializes in financial services. The employment agreement contains a non-compete section which would bar me from working in FIG at another...
Help us determine a fair compensation structure and non-competes for a new HF
Your feedback will be critical in determining some key points our build out of a HF . I'll be showing this to the largest owner of the GP. TLDR: 1. What is the lead PM (design, trade, manage, research, and market) portion of a 20% performance fee for a high return/high vol but with a very attractive...
HF non-complete includes banks?
Hi WallStreetOasis, I have a simple question. Need some advice from the veterans. On paper, my HF employment contract has a x-months non-compete during which I can't join a competitor; competitor is defined as a company that competes directly in business with the company. Suppose my current position...
LEaving a job - signed a Non-compete - Why should I tell them where Im going?
Hello Hello, I worked at a bulge bracket now I'm working for a big broker. I'm getting ready to make another move. I signed a non-compete, leaving could impact my stock awards, and they could even stop me from working for 6 months, but they have only ever enforced that in special cases and I don't...
Your First Non-Compete Agreement
I have little doubt that many of you, at some point in your careers, will have to sign a non-compete agreement. This is a fairly obvious observation since many of you are/will become big time players, and big time players have access to very important information that companies will want to protect....
[Urgent] PE Associate Non-Compete Clause
I've just received an offer to join a multi-billion PE shop headquartered in Hong Kong. Everything looks fine except a non-compete clause which essentially restricts me to work in any position that manages third party capital (so includes HF , Asset Management etc.) in Hong Kong, China and South...
Non-Compete Agreement?
Has anyone been required to sign a non-compete for a post-MBA Sr. Associate/VP position? Basically the agreement would not let me join a similar PE firm or any company remotely related to any portfolio companies for a significant period of time post-employment. Is this market?
How do people move from one firm to another?
I'm wondering about how people in this industry move from one job to another. Most trading firms have you sign non-compete clauses. Suppose you work at the firm as a software engineer or any discipline that does not directly involve trading and you got a job opportunity at another firm. Will trading...
when to mention noncompete while interviewing
I am currently working at a prop trading firm where I have signed a noncompete but am interviewing with other firms. They are not prop trading firms, but some are hedge funds that may technically be included under the language of the non compete. I doubt it would be enforced, especially since I am...
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