Hedge Fund Seeks 'Bitcoin Execution Trader'

Jan 6 2014 | 12:37pm ET

At least one hedge fund is taking the bitcoin seriously.

According to an e-mail last week from recruiter Glocap Search, a San Francisco-based hedge fund is seeking a "junior bitcoin execution trader to assist with bitcoin execution, general fund operations and reporting." The missive did say that "bitcoin and crypto currency knowledge" were "a plus but not required."

Candidates were asked to be "comfortable working with uncertainty" and have a "willingness to work with a brand new product without an 'industry standard.'"

Glocap changed the listing on Friday to remove references to bitcoin and "crypto currencies."

"We felt on reflection that we'd be able to reach the right people and to assess candidates' genuine interest in trading and trading ops the way the posting was written," Glocap's Anthony Keizner told TheStreet.

It is unclear which hedge fund was on the lookout for a bitcoin-plus trader. Last week, Fortune magazine reported that San Francisco-based Pantera Capital was planning a bitcoin hedge fund. Fortress Investment Group is also reportedly starting a bitcoin fund.

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