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Patent Attorney Axel H Horns' Blog on Intellectual Property Law.

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Sunday, May 13, 2007

U.S.: A New Field for Activities of Patent Attorneys.

"[...] Hedge fund managers are always looking for an edge. Lately they've found one by sending patent litigators to court - not to try a case, but as highly informed (and highly paid) observers. Their task: to pick up and quickly report back to the money managers any intelligence that could move a stock. [...]

Hedge fund managers consider their investment strategies to be trade secrets, and none would comment on the record for this story. But Edward Black, a partner in the corporate department of Ropes & Gray and co-head of the firm's Fish & Neave IP Group, says that his firm has done this type of work for several clients. [...]"

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