Career as a Hedge Fund Manager


Summary

Hedge Fund Managers oversee their clients investment portfolio and monitor the domestic and global stock markets to look for investment opportunities. One of their key responsibility is to protect the client's investment against downswings in the stock markets. Maximizing the returns when the markets are showing an upward graph is also part of their responsibilities.

Tracking the stock market and spotting opportunities to maximize returns on client's investment is the mainstay of their job. They undertake short term stock trading to correct any risks on the client's portfolio. Hedge fund managers deal in equities and commodities to balance the investment portfolio to protect it against market risks. They will also trade in bonds, making these investments stand apart from the traditional long-lay investment funds.

They attend and call for client meeting either with individual clients or with companies to discuss investment strategies. In these meetings, they discuss complex financial concepts and explain their strategies, aimed at giving high returns on investment. Building effective relationship with clients is an important aspect of the job. They also call for meetings with financial analysts and traders to advise them on investment strategies.

Hedge Fund Managers calculate the net asset value (NAV) of the client's funds on a regular basis, and check the profit and loss ratio. They also have to undertake extensive research to enhance the investment portfolio characteristics. Deciphering large quantities of statistical data to analyze performance is also a part of their job. Generating reports for asset managers and working directly with traders to make better investment decisions is another duty of the hedge fund manager. Creating monthly and quarterly reports to appraise the clients and management about the investment is a part of this job profile. In some firms, they coordinate in audit planning and presenting the scope of investment to the management. Hiring personnel and overseeing the functioning of the accounting department is also a part of the hedge fund manager job profile.

The duties of Hedge Fund Manager's is to oversee all of the long-term and short-term investments that are contained within a client's overall hedge fund. Job responsibilities include utilizing financial software programs to generate and analyze data for investments, reconciling account balances each day, and reviewing expenses and accruals on accounts. Hedge fund managers often collaborate with fund services managers to ensure streamlined account management. They may oversee personnel, such as fund accountants, and design and implement training activities. Hedge fund managers may also be responsible for daily and monthly reconciling of investment values.

Work Environment

Hedge Fund Managers typically work full-time for financial and investment companies, such as investment banking and private equity firms. Much of their time is spent in an office environment or traveling to meet with clients.

Entry Level Education

Bachelor’s / Master’s Degree in Accounting or Finance.

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