Quant Fund Looks to WallStreetBets to Hire Sentiment Traders

Are you a WallStreetBets member with good karma looking to make the move from trading your own account to working for the establishment? If so, Cindicator Capital, an offshoot of alternative data provider Cindicator, has the job for you.

The New York-based quantitative fund posted a job opening on LinkedIn four days ago seeking applicants for a sentiment trader position.

Requirements include three years of active trading experience and, crucially, having been a member of WallStreetBets for more than a year with karma -- a Reddit measure of “how much good the user has done” for the community -- of more than 1,000. Bonus points go to those with a “refined taste for memes and a sense of humour.”

Another not-so-traditional precondition: Those who studied economics or finance in college need not apply. And if that’s not enough, be ready to prove that you’re “free from any mainstream financial brainwash” in order to land the gig.

Speak Greek

You can’t be a complete neophyte if you’re going to open six-figure out-of-the-money options trades with the firm’s capital, though. Cindicator expects applicants to be fluent in the greeks and, just as at Susquehanna International Group, you might have to prove your skills at the poker table.

The select few chosen by Cindicator should expect to spend most of their time scouring Reddit, Discord chats and Twitter to keep their finger to the wind of the fickle retail market while doing their best to keep the fund’s risk management team from “having a heart attack.”

Cindicator Capital’s Chief Executive Officer Mike Brusov didn’t immediately reply to a request to confirm the legitimacy of the advertisement.

In exchange for going straight, Cindicator says it’s offering a $200,000 base salary and a performance-based bonus of 30% of profits generated.

And oh yea, get ready to party in Seoul and St. Petersburg if and when the Covid-19 pandemic comes to an end. “A place at a Burning Man camp” is also up for grabs, but is listed as “optional.”

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