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. 

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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
  • 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

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