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February 11, 2021 01:00 pm

Wall Street Fund Wants To Hire r/WallStreetBets Users To Help Pick Meme Stocks

An anonymous reader quotes a report from Gizmodo: Cindicator Capital is the kind of investment fund that relies on software and algorithms to model investment strategies based on any number of disparate factors. In the wake of the WallStreetBets subreddit throwing hedge funds into chaos and driving stock prices to non-sensical extremes, Cindicator has posted a job listing on LinkedIn hoping to hire one of the Redditors to conjure up some unintuitive data points. The listing, for a Sentiment Trader, limits its search to applicants who have at least a year's active membership on WallStreetBets and at least 1,000 of Reddit's goodwill karma points. Job seekers should understand probabilities, but "higher education in economics or finance" is disqualifying. "In-depth knowledge" of the language of the finance world and its mechanisms is required. The rest of the listing gets more esoteric, saying prospects should display "unbiased thinking that defies authority," and they will spend most of their time "on Reddit, Discord chats, and Twitter to feel the pulse of the tens of millions of retail traders." Additionally, "a refined taste for memes and a sense of humour" is essential. The salary is $200,000 plus bonuses.

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