Hedge Funds: currently 424 jobs.The latest job was posted on 10 Dec 18.
Hedge funds work on the principle that if the hedge fund manager is smart, he or she will be able to make money regardless of whether the general market goes up or down.
One way hedge funds might generate profits in a general market fall is through short-selling. Short-selling is a method of making money that involves borrowing stocks they believe are overvalued, selling the stocks at the inflated price, waiting until the price falls, then buying the stocks back at the lower price, and returning them to the original owner the stocks were borrowed from.
Hedge funds are categorised according to the investment strategy their managers follow. For example, global macro funds focus on worldwide macroeconomic trends rather than the price movement of individual stocks, while event driven funds look to profit from singular events such as an acquisition or bankruptcy.
Hedge funds can be a risky investment, so in order to mitigate this risk, the larger institutional investors will spread their investment across a number of hedge funds.
Hedge Fund Careers
Financial services careers rarely start in hedge funds. Hedge fund managers are usually successful fund managers or traders with a proven track record, who progress their career by switching to hedge fund management.
There are however, a number of more junior roles within hedge funds that can be pursued.
Analysis based roles are the most common entry-level positions, and involve gathering information and providing summary reports for more senior members of the team.
Junior sales team members will work on generating client leads, while more experienced customer relationship managers will close the deal, and provide ongoing liaison with the client.
There are also various supporting functions within every hedge fund, such as IT and HR, where previous experience in that particular specialism is more important than a track record in a hedge fund or investment management firm.