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?
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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?
Most of the time, ppl know it's because of a reckless founder, which means it's not your fault. Unless you pull a Matthew Martoma, how could you ever get Steve Cohen to blow through his own risk limits other than himself making an override?
If you’re really worried, just make your LinkedIn blind - remove the company and put a generic title, e.g. “Analyst at Hedge Fund” like people at Soros do.
Why people at Soros do it?
Probably bc crazy conspiracy people will try to fuck with them
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
Isn't he barred from working in Investment advisory forever?
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.
If anything, it sends recruiters to you like how sharks are drawn to blood. Plenty of funds (with or without hiring intent) will want to talk to you to get the inside scoop.
Totally, or Netflix asking you to be a cameo in the next documentary "How Wall Street Got Hwang'ed" (ps. I'd f**king watch that)
instagram? tha fuck
delete
No one cares. If anything, interviewers will be more intrigued to see that fund's name on your resume.
Regardless of your fund's status: Delete insta
... Have you been posting your trades there? Is that why you blew up?
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.
Shitadel?
Gabe?
More info finalized this evening on Archegos by media out there. Just wild the stuff this dude did and banks rode with him.
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