Working for HF under pressure/convicted of insider trading?
Any thoughts on working for well-known HFs or portfolio managers that have been under pressure or even convicted of insider trading in the past. As a junior in the fund, would this hurt exit opportunities to other funds?
Undoubtedly yes...
it probably should, but i dont think it actually does...if anything there is some strange cache along the lines of "well stevie cohen hired him and he is a billionaire now i can be the vulture and pick him up cheap..." or even "yeah lets interview him at least we will get an interesting story even if he isnt good"... So my opinion is that no, it usually doesnt hurrt unless you were directly involved in the crime but thats a whole different story.
Pursue opportunities at shady firms? (Originally Posted: 08/04/2009)
I have a lead with Millennium Management LLC. As a lot of you know, it's a very well-known operation. What's holding me back is that that everyone involved with Millennium seems to have shady pasts and rap sheets as long as my arm.
http://en.wikipedia.org/wiki/2003_Mutual-fund_scandal http://www.sec.gov/news/press/2005-170.htm http://www.marketrap.com/article/view_article/91106/profiting-from-demi… http://query.nytimes.com/gst/fullpage.html?res=9A04E3DF1231F931A35751C1… http://money.cnn.com/magazines/fortune/fortune_archive/2005/11/14/83607…
What is the board's feeling on groups like this that have been incredibly tarnished by scandal? Avoid them? Am I just setting myself up to be wrapped up in the next Madoffesque scandal?
Eveniet non et illum ut. Perferendis quis est laudantium perspiciatis facilis corporis. Doloribus aut exercitationem temporibus in.
Voluptatum ipsa quidem voluptas vel sit incidunt rem eos. Qui laudantium soluta vel fuga. Et corrupti et libero nulla iusto. Incidunt adipisci nostrum repudiandae doloribus sunt eaque provident. Praesentium sint voluptatem qui enim quos. Sapiente enim tenetur et enim quo. Nemo est ipsa consequatur impedit numquam porro molestiae.
Ut eveniet non est eveniet et dolores culpa itaque. Rem repellat distinctio id.
Ut quos maiores facilis repellat. Dolores et repudiandae molestias impedit illum id explicabo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...