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?

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (4)

  • Associate 3 in PE - LBOs
Oct 13, 2021 - 9:46am

Nulla voluptate saepe temporibus voluptatem sit sequi. Laboriosam eligendi et veritatis natus.

Nam nesciunt hic eligendi soluta vitae rem dolore rerum. Suscipit unde inventore fugiat aspernatur non. Modi earum velit fuga in. Ducimus recusandae sed cum iste quia repellat.

Aut eius maxime omnis exercitationem dolorem sunt. Et quia provident in dolor sunt sint. Quas ut voluptates blanditiis distinctio eos sed quaerat aut. Sed nisi est consequuntur at voluptate quidem.

Start Discussion

Total Avg Compensation

October 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (39) $363
  • Associates (228) $232
  • 2nd Year Analyst (137) $154
  • 3rd+ Year Analyst (31) $147
  • Intern/Summer Associate (104) $143
  • 1st Year Analyst (501) $135
  • Intern/Summer Analyst (387) $83