Renege MM HF offer for a SM?

Signed with one of the big multi managers and starting in 2 weeks, but I have just received another offer from a single manager which I would rather take - what would the consequences of reneging on the MM be?

If this was banking I wouldn't really think too much about it, but with HFs being a much smaller world and having built some relationship with the PM+analysts at the pod this feels different

 

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