Is it ethical to work for a hedge fund?
My main issue with them is that they don't add value really, all prediction work is profiting from the misery and fortunate of others. I know that a lot of of the financial markets work this way, but for swe there is the factor of a purpose, a product that you provide and others find useful.
If you want purpose, come over to Snap.
Dumbest thing I’ve read in quite a while. Go work for a nonprofit if you want to change the world. Otherwise it’s all about productivity and profit
Expedia provides a solution that people use, funds just bid the show!
I don’t think you quite understand how markets work. Hedge funds absolutely provide a product that people use. Hedge funds manage money for large pension, retirement funds (many of which are pools of people that aren’t rich), provide liquidity for IPOs. Many make markets which gives you and everyone else liquidity so you can instantly sell your shares of stock whenever you want. They buy fed government and municipal debt that helps everyone. Investment funds are not worthless entities that are morally wrong and hurt people. You can make a case that high frequency trading firms do not really add anything, just scalp but even that has holes. All I’m saying is, they provide value also and it’s not all evil/immoral people as many politicians like to argue.
I don't know what you're talking about. Ethics are about the consequences of your actions and choices. "Profiting from" things isn't unethical, unless you're causing harm. Further, hedge funds do create positive value for the world. They help allocate capital to its most productive uses. But if you don't find the mission compelling, don't work there.
Good points! This is the first sane answer so far
Blind is not the place to ask this kind of question. As you know, TC or GTFO
TC 120 yoe 3
What I meant is all people care about here is $$$
What value would you add increasing the ad click rate for Facebook or Google? Or even bringing the driver income down at Uber?
Hedge funds, traders, HFTs do add value in the form of transfer of risk (look up futures contracts for example) and providing liquidity (market makers take both sides of trades, profiting on the spread)
Thanks for these pointers
Hey, if it means helping some filthy rich person unload a few percent in my pocket, why not? Clearly they don't need it.
Think of hedge fund as providing another way for people to invest their money. A lot of educational institutions, pensions funds, and companies invest a portion of their money in hedge fund to diversity. And at the end of day, you can always donate a portion of your income if you as so inclined.
To be fair, when hedge funds are good when everyone else is bad and bad when everyone else is good.
A good point, pension funds do invest in many HFs. How is work in TS? What kind of things SWEs do?
I had this question to myself before joining a hedge fund. My answer is that many non-profit organizations and pensions rely on those hedge funds to operate. Hedge funds can be considered as financial “services” to help those organizations. This is the bright side of thinking
Personally, If I ran real hedge fund (not one that just bilked fees), I would out my money where my mouth is and not charge a penny in management fees and take a tiny cut of gains for nonprofits.
You liberals really live in one hell of a nutty fantasy land. Ethics of making a ton of cash working at a hedge fund? Good god. And no you shouldn’t work there cause you’ll 100% be fired in no time from your inability to hack it in that environment based on this post alone.
I was approached by a recruiter which made me think about it....
OMG YEA LABOREALS ARE DUMB!!! xD. US CONSERVATALS ARE THE REAL INTELLIGENT!!!!!!!!!