A quant fund is looking to hire high-ranking Wall Street Bets members as traders - and says a 'refined taste for memes' will help candidates
- Cindicator Capital is currently looking for a sentiment trader to join their New York-based company, Bloomberg first reported.
- A crucial requirement: The applicant must be a high-ranking and active member of the notorious Wall Street Bets subreddit.
- Extra points go to those with a "refined taste for memes and a sense of humour," according to the job listing.
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Now that Reddit's notorious Wall Street Bets subreddit has proven itself a formidable force in the stock market, professional investing firms are trying to get in on the action.
In a job listing posted on Linkedin, New York-based quantitative fund Cindicator Capital is currently looking for a sentiment trader with first-hand Reddit experience. Bloomberg News first reported the listing.
The required qualifications seem standard upon first glance: more than three years of active trading experience and in-depth knowledge of options greeks and indicators. But one stipulation sticks out: the person must also be an active Wall Street Bets member with an account age of more than 365 days and a karma rating higher than 1,000.
Karma is Reddit's measure of "how much good the user has done" for the community, and is parceled out by members themselves.
The role will require the trader to actively manage the company's "internal multi-million corporate treasury" using a "qualitative approach to measuring market moods," and some "street-smarts, according to the listing.
Cindicator Capital goes on to say it wants this trader to spend most of their time on Reddit, Discord chats, and Twitter to "feel the pulse of the tens of millions of retail traders."
Deviating further from standard requirements, the firm emphasized that it does not want anyone with higher education in economics or finance. But, if inevitable, the applicant must simply prove that he or she is "free from any mainstream financial brainwash."
Extra points go to those with a "refined taste for memes and a sense of humor."
Lastly, the role carries an annual salary of $200,000.
Cindicator Capital's Chief Executive Officer Mike Brusov and Chief Technical Officer Yuri Lobyntsev did not immediately respond to Insider's request for comment.