People Moves

Aksia sues employees joining Albourne


Aksia LLC wants to prevent two former employees from joining competing consulting firm Albourne Partners Limited, as the number of institutional investors looking for advice on direct hedge fund portfolios is picking up globally.

Aksia filed a lawsuit against Sara Cole and Corissa Mastropieri for conspiring together to purloin a large volume of Aksia's "highly confidential and proprietary research reports, research templates, investment data and investment methodology" which the advisory firm maintains are confidential trade secrets. The complaint, filed last month in New York State Supreme Court, claims that Cole