12.10.2021 - 14:45 yanazakomoldina
Financial News sources believe that the company’s requirement is an attempt to eliminate conflict of interest.
What's new? Hedge Fund Millennium in New York stated that its employees should disclose information about cryptocurrency trading. This is reported by the Financial News with reference to knowledgeable sources.
Why did the fund send out a request? According to its interlocutors, Millennium Management sent instructions to employees in late September. Sources believe that the company’s demand is an attempt to eliminate conflict of interest. Many hedge funds forbid the staff to deal with assets owned by their employers.
What is known about Millennium Management? The hedge fund is one of the largest in the United States. According to the information on the company’s website, the amount of assets under its management exceeds $57,4 billion, and the staff number is more than 3,800 employees.
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