It was not a resounding victory for those who want to job hop, but top executives who formerly worked at State Street Global Advisors of Boston have been allowed to join a competitor despite a non-compete agreement SSgA contends prohibited the move.

The non-compete agreement that SSgA had with Dean Barr, Joshua Feuerman and Richard Goldman was too ambiguous to keep the executives from joining Deutsche Asset Management of New York, a Massachusetts state court judge has ruled. SSgA also has failed to prove its allegation that the executives divulged trade secrets to Deutsche Asset Management, Judge Raymond J. Brassard said in a decision dated Oct. 22.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.