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Also the name of a credit hedge fund during the GFC. I wonder if they are still around
by arthurcolle 4y ago
Also the name of a credit hedge fund during the GFC. I wonder if they are still around
- Agamus 4y agoThey sure are: https://www.magnetar.com/ https://www.magnetar.com/ It was famously suggested that they caused the 2008 market crash: https://www.propublica.org/article/all-the-magnetar-trade-how-one-hedge-fund-helped-keep-the-housing-bubble https://www.propublica.org/article/all-the-magnetar-trade-ho... https://en.wikipedia.org/wiki/Magnetar_Capital https://en.wikipedia.org/wiki/Magnetar_Capital
- arthurcolle 4y agoYeah they are pretty legendary. Frankly, I think it is pretty unlikely that they would have selected CDO components but it is certainly firmly in the realm of possibility. Separately, I just checked their careers page and no software engineering positions. Seems like there would be a lot of automation and systems work to do there, but I guess it is possible that they just aren't hiring for those roles right now.