“I’m in a position where it doesn’t make sense to work at BlackRock anymore,” said Ahmad, who advised pension funds on investments in alternative assets and hedge funds while at the world’s largest asset manager. “The one-day volatility of my portfolio is higher than my salary, so if I get a few investments right then I’ll have made the same as my yearly wage and everything else on top is a bonus.”
Officials for BlackRock, Deutsche Bank and Goldman Sachs declined to comment on their employees’ investments or their departures.
The Man Who Solved Bitcoin’s Most Notorious Heist
Rampant thefts are taking the shine off cryptocurrencies. After the massive Mt. Gox exchange hack, Kim Nilsson decided to fight back.
China's Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad
Bitcoin is flowing out of China, into California mansions – and changing global real estate patterns.
Join in on the conversation with Alex Masters Lecky when you subscribe to CRYPTONICLES.