How to handle a fund blow-up?

Hypothetically speaking, let's say you work at a fund that made some trades that went awry and the fund blew up. And then get covered in the news. 

What do you do immediately if you work there and are a junior employee? Delete LinkedIn? Delete Instagram?

21 Comments
 
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??? Why would you do any of those things?

You worked at a fund, the fund made crappy bets, ok so what? Are you worried about being contacted by the press? Or are you worried that you won’t get another job? It’s not like you can leave it off your resume anyway, so deleting LinkedIn won’t do anything (some recruiters might even be trying to recruit top talent, especially juniors who may not have been the ones making the bad decisions that led to the blowup). And Instagram? Who the F cares?

 

I feel like when there's a spectacular blow-up (e.g. LTCM & Archegos) it almost increases your clout. Like Hwang will find his way back into the industry - and probably in a good role. You already see Julian Robertson throwing his full support behind the guy! Might be the same sort of thing for the junior guys

Array
 

Wtf does Instagram have to do with anything? Anyways, I echo the other comments here. A fund blowup in itself does not make any junior people look bad. That experience could still have been very valuable and be perceived by other funds as such, in spite of the blowup (or even because of the blowup), esp. if it was an otherwise prestigious fund. Keep your LinkedIn alive to recruit elsewhere. 

 

instagram? tha fuck

The truth is you're the weak. And I'm the tyranny of evil men. But I'm tryin', Ringo. I'm tryin' real hard to be the shepherd.
 

Hah, as others said you gain popularity this is a crazy industry but lots of people like the headline news. Cause guess what if you blew up, you could make history the other way that is one of the initial thoughts. Also lot's of the guys people admire here (Ackman for example) is excellent at knowing how to blow themselves up. 

Exception; was madoff...those people had a tough time. Unfortunate situation but was hard for people to think how good anyone is when it was a long term ponzi forever.

 

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