Millenium asks staff to log crypto trades with compliance
https://www.fnlondon.com/articles/hedge-fund-mill…
Millennium Management sent a memo to staff telling them to disclose any personal trading in cryptocurrencies to the hedge fund giant’s compliance team.
The hedge fund’s bosses sent the memo to employees in late September, according to two people with knowledge of the matter.
While one of the people said they thought the memo was a new shift in policy, the other said the fund had required staff to disclose such holdings for the last three years and that the September note was intended as a reminder to employees to alert compliance teams to personal holdings in cryptocurrencies.
The second person said that company policy was for staff to disclose all personal holdings with the exception of specific “carve out” such as bank accounts.
Thoughts?
See you at $100k BTC!
Nothing new… my old fund added that requirement in 2017
A PE fund? Weird
Explicabo magnam nemo esse maxime tempore a voluptatum. At dolorem omnis tenetur ratione possimus. Aut accusantium ad blanditiis facilis quia. Veritatis voluptates amet corrupti id est enim molestias.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...