Hedge Fund Administrators

Hedge Fund Administrators Working on Charts

Hedge fund administrators provide fund accounting, tax administration, financial reporting, investor servicing, and other middle- and back-office services. Third-party hedge fund administrators (HFAs) oversee 80 percent of all hedge fund assets under management (AUM), according to PricewaterhouseCoopers. The remaining hedge fund administrators are employed directly by hedge funds. 

Next Section: History

Quick Facts
Alternate Title(s) Accountants, Auditors
Duties Provide fund accounting, tax administration, and other middle- and back-office services to hedge funds
Salary Range $50,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) New York City; Chicago; Greenwich, CT; Boston; San Francisco; Dallas; Stamford, CT; and other cities with large financial sectors
Minimum Education Level
  • Bachelor's Degree
School Subjects
  • Business
  • Computer Science
  • Mathematics
Experience At least two years of accounting experience at a hedge fund or other financial employer
Personality Traits
  • Organized
  • Problem-Solving
  • Realistic
Skills
  • Business Management
  • Financial
  • Organizational
Certification or Licensing Recommended
Special Requirements None
Employment Prospects Good
Advancement Prospects Fair
Outlook Faster than the Average
Career Ladder
  • Chief Operating Officer or Chief Executive Officer
  • Chief Financial Officer
  • Controller or Chief Fund Administrator
  • Chief Accountant
  • Accountant

Related Industries