Hedge fund job listing wants Reddit traders

Starting salary is $200,000 and the position requires being a member of r/WallStreetBets.

Oscar Gonzalez Staff reporter
Oscar Gonzalez is Texas native who covers video games, conspiracy theories, misinformation and cryptocurrency.
Expertise Video Games, Misinformation, Conspiracy Theories, Cryptocurrency, NFTs, Movies, TV, Economy, Stocks
Oscar Gonzalez

Get paid to trade stock and check out memes. 

Angela Lang/CNET

GameStop caught the attention of Wall Street last month when its stock price shot up thanks to members of the subreddit r/WallStreetBets. Now it appears a hedge fund wants to tap into that trading hive-mind with a job offer. 

Cindicator Capital, a hedge fund based in New York City, is on the hunt for a Reddit-savvy trader who'll manage millions of dollars and comb through Reddit, Discord and Twitter to see what people are saying, according to a LinkedIn job posting spotted earlier by Gizmodo.

The posting lists prerequisites including three or more years of active trading experience, an account on r/WallStreetBets that's older than one year and has karma ( Reddit's point system), and a "refined taste for memes and a sense of humour." The job comes with a base salary of $200,000 with a performance-based bonus, health insurance and an option for a spot at a Burning Man camp. 

The r/WallStreetBets posters were behind the big push to buy more GameStop stock in what's known as a short squeeze. The result was share prices jumping from just over $20 on Jan. 12 to $483 on Jan. 28. The stock has since fallen to $48.80 at the end of trading on Tuesday. 

Cindicator Capital didn't immediately respond to a request for comment.