A hedge fund manager’s role is to make money for their clients; it can also be an extremely lucrative career for the manager.
Hedge funds are a particular type of investment account that was initially known to make money easier than other investment styles, but today include a variety of investment types.
To invest in a hedge fund, an individual must have a net worth of over $1 million and have a minimal annual income of $200k.
The hedge fund manager’s role is to raise funds and invest them according to the plan and strategy agreed upon with the investor.
To be a successful hedge fund manager, you need to know and understand money, accounting, finances, and how the market works. A solid work ethic is required as well as superb interpersonal skills.
Resume objective for a hedge fund manager
A hedge fund manager’s job is to make money; therefore, your objective statement should be used to show prospective employers that you get results.
The website StreetofWalls advises that you need to use your resume to show that you have the “drive for results.” Did you obtain new clients? Achieve challenging goals? Are you a self-starter with excellent multitasking skills?
Some resumes reviewed for this article mentioned the portfolio sizes they’ve worked on, while others highlighted their experience with various types of investment opportunities.
Take action and an experienced Hedge Fund Manager who has worked globally with clients achieving impressive results. Expanded portfolios for recent clients from $1 million to over $10 million by focusing on long/short equity and event-driven strategies.
Resume skills for a hedge fund manager
Being good with numbers doesn’t begin to cover the in-depth mathematical, analytical, and financial skills a successful hedge fund manager must possess.
Those who work with hedge funds need a concrete mix of knowledge-based skills and personal skills. Investopedia lists those skills like knowledge of portfolios, financial instruments, and strategies, understanding risks and markets.
Within those broad categories listed above is the breakdown of finite skills you will want to list in your skills section.
Listing the specific types of markets, financial instruments, strategies, portfolios, etc., will show employers exactly what you are skilled at when walking through the door.
Your skill section might change depending on the type of hedge funds you have experience with and the position you are applying for, so take time to go through the job posting to ensure what you list is relevant to the job.
Asset Management | Alpha | Credit Equity | Real Estate | Fixed Income Bloomberg | Analysis | Investment Recommendations | Public Speaking | Excel PowerPoint
Hedge fund manager work experience
Becoming a hedge fund manager is not an overnight aspiration; as Bright Network points out, most companies are not going to scout individuals straight out of university.
Investment companies want individuals with proven knowledge and experience in their fast-paced and sometimes volatile world; they will headhunt from established investment banks.
It sounds rough, but there is no sure-fire or top-recommended path to break into the career, but many publications have mentioned that working for a bank and becoming an analyst may be your best bet.
Other careers within financial institutions include front desk, accountant, portfolio manager, or trader.
The keys to success, says Buyside Hustle, include attention to detail, hard work and long hours, responsiveness and responsible, and communication.
Sample Work Experience
Hedge Fund Manager, 2012-2020
MAde investments, financial decisions, and oversaw the operations of hedge fund accounts for clients.
- Processed Corporate Actions for securities held in client portfolios
- Built and maintained fund accrual schedules
- Prepared monthly performance estimates for COO clients
- Created daily position and trade reconciliations between clients books, records, and their Prime Brokers
Oppenheimer & Co., Inc.
Investment Banking Associate, 2003-2012
Assisted senior staff in structuring and executing transactions that provided local currency financing solutions to clients through debt capital markets, structured products, and local currency derivatives.
- Conducted market intelligence of local and international debt capital markets;
- Marketed treasury products to internal and external clients, regulatory agencies, and banks
- Assisted in providing training and knowledge management services to internal and external clients;
- Participated in building relationships with key stakeholders
Financial Analyst, 2000 – 2003
Worked in a fast-paced environment supporting senior-level management handling complex treasury issues.
- Managed intercompany loans
- Completed daily cash account reconciliation
- Provided analysis of trends and forecasts and recommended actions for optimization
- Assisted management with ad hoc financial analysis and modeling on special projects
Hedge fund manager education
Becoming a hedge fund manager requires a strong background in finance, accounting, and business. TheStreet outlines in their recommendations that some firms and clients may require a master’s degree.
TheStreet goes on to mention that without a master’s degree, particular additional education and certifications in finance may be necessary to prove you have the knowledge and know-how to invest funds successfully.
Participating in internships and finding summer work at an investment firm is another excellent and recommended way to garner the knowledge and skills needed for this career.
New York University
Bachelor of Science in Business, 2006-2010
- Concentration in Finance
Private education companies teach courses specific to hedge funds, portfolio management, analysis, etc., that could be beneficial for those just breaking into the field and wanting to gain knowledge.
Once you are an established hedge fund manager or analyst, listing these courses on your resume is probably superfluous.
Some sites that offer hedge fund training include EDUCABA, Investment Certification Institute, Udemy, and Fitch Learning, which provides an onsite course in New York City.
- Certified Hedge Fund Professional
There are two standard certifications that hedge fund managers and other financial professionals should consider obtaining.
The first is a Chartered Alternative Investment Analyst (CAIA), which requires roughly 200 hours of study time per level and costs approximately $3,000.
The second is the Chartered Financial Analyst (CFA), which requires 300 hours of study timer per level and costs around $3,500.
A third designation, a hedge fund manager, may be interested in is Financial Risk Manager (FRM). The Global Association of Risk Professionals issues this title.
According to Investopedia, the CFA covers a broader range of topics but does not go as far in depth as the CAIA, which focuses mainly on hedge funds and private equity.
There is debate amongst professionals about whether or not any of these certifications are needed; however, the CAIA does seem to have perks for those seeking positions as hedge fund managers.
Jobs may also seek out those who are CPAs or CAs, Certified Public Accountant, or Chartered Accountant. The CPA is primarily for accounting majors. Those without an accounting degree will face a more challenging path.
Wiley Efficient Learning covers how the CAIA and the CFA are reasonable substitutes for those without a degree in accounting.
You will need to obtain a business license to practice as a hedge fund manager; typically, this is a standard business license. Depending on what type of role you take on in this position, additional licensure may be required.
The state in which the account is managed may also place additional legal requirements decided by FINRA.
- Chartered Alternative Investment Analyst
- Series 7 License
Complete hedge fund manager resume sample
In this section, we have a job posting for a hedge fund manager. Following the job posting, there is a summary of specifics this job is calling for. Lastly, there is a complete resume sample and template applicable to this role.
This job seeks someone highly experienced for the role, asking for a minimum of ten years of experience. It also lists they would like someone with a CPA or CA.
Prior experience with hedge funds is a must, as is someone experienced in client services and relationships.
Certified Public Accountant and experienced Hedge Fund manager seeking a position within a financial institution to apply their knowledge of investment strategies and products and continue to produce high-end returns. Skilled at expanding portfolios 15.5% annually on average through a thorough understanding of markets and trends.
GAAP | IFRS | Equity | Real Estate | Fixed Income | Derivatives | Alpha | Asset Management | High Sharpe Ratio Track Record | PowerPoint | Excel | Google Sheets | Macros Strong
Hedge Fund Manager, 2015-2020
Built and executed robust idea generation, portfolio construction, and risk management processes that produced strong portfolios for my clients.
- Running GMV$50 million-plus
- Ran capital in market-neutral structure
- Built and maintained fund accrual schedules
- Built strong relationships with stakeholders
Funds Operation Analyst, 2006-2015
Reviewed, processed, and analyzed alternative investment trades and Aggregated, compiled, and normalized large sets of hedge fund and private equity investor data.
- Prepared daily, monthly & quarterly files
- Resolved and implemented scalable solutions
- Ensured data integrity for reporting
- Defined driveable scale solutions across all business lines
FUSCO Financial Associates
Financial Analyst, 1999-2006
Collaboratively delivered, executed, and communicated investment management services to internal stakeholders. Responsible for the design and management of portfolio models.
- Performed quantitative and qualitative research and analysis of asset classes, strategies, and third party managers
- Placed trades using a proprietary trading platform
- Provided quality control of data to monitor exposures, performance, and characteristics of the investment vehicles
- Prepared periodic investment reports, client-ready investment presentations, and Investment Committee materials
- Reviewed fund performances, manager commentaries, and letters
- Certified Public Accountant
Master of Science in Finance, 1999-2003
University of Illinois
Bachelor of Science in Accounting, 1995-1999
To make it in the world of hedge funds, you first need to acquire years of knowledge and experience. It is an ever-changing and fast-paced world that requires individuals who are willing and able to put in the long hours and years.
While advanced degrees have not been a requirement, the trend is heading in that direction. Financial institutions are more likely to look at where you went to school and what you studied than care about certifications.
Experience is power in this field, so the more you can gain to build your resume and personal portfolio, the better chance you have of getting hired.
- A degree in finance, accounting, and business is the first step
- Working as an analyst is the most likely path to a hedge fund manager
- Gain as much experience as you can with financial tools and markets
Tips from Experts
“When people ask me what I do for a living, I generally tell them, ‘I run a hedge fund.’ The majority give me a strange look, so I quickly add, ‘I am a money manager.’ When the strange look persists, as it often does, I correct it to simply, ‘I’m an investor.’ Everyone knows what that is.” -David Einhorn, Hedge Fund Manager
“Private-equity and hedge-fund guys typically come into a situation of mediocrity, where rapid change may result in a profit.” -Auston Ligon, Co-founder and former CEO of CarMax
“The key impacts are lower export markets, and I think particularly with China, India, Africa; the nervousness of the banks to provide just working capital, and fundraising, it’s just much harder.” -Richard Lang, CEO of CDC Group
While the path to becoming a hedge fund manager is not an easy one, it can be a financially rewarding one.
Working in finance is a stable career with little fluctuation in the job market; however, work can be stressful and include long hours and demanding clients.
If you possess a passion for numbers, finance, and the markets, then working towards a hedge fund manager’s position could be the perfect career choice.