Hedge Fund Relationship Managers

Hedge Fund Relationship Manager Meets Brokers

Many investment banks have prime brokerage departments that provide financing, brokerage and trading, custody, information, risk management, and administrative services to hedge funds. These services help the fund grow its business, attract investment capital, and operate smoothly. Relationship managers act as the go-between between the prime brokerage department (and other departments at the investment bank) and hedge funds. They educate hedge fund managers about the services provided by the prime brokerage and connect them to key resources (e.g., traders, investment strategists, risk managers, etc.). Relationship managers are also known as client service representatives and client coverage account managers.

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Quick Facts
Alternate Title(s) Client Coverage Account Managers, Client Service Representatives
Duties Provide operational and investment data, resources, and other support to hedge funds
Salary Range $75,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) New York City; Chicago; Greenwich, CT; Boston; San Francisco; Dallas; Stamford, CT; and in other cities with large financial sectors
Minimum Education Level
  • Bachelor's Degree
School Subjects
  • Business
  • Economics
  • Speech
Experience Previous experience in lower-level positions at a prime broker required
Personality Traits
  • Hands On
  • Helpful
  • Organized
  • Financial
  • Interpersonal
  • Sales
Certification or Licensing Recommended
Special Requirements None
Employment Prospects Good
Advancement Prospects Fair
Outlook Much Faster than the Average
Career Ladder
  • Managing Director
  • Director
  • Vice President
  • Senior Relationship Manager/Hedge Fund Investor Relations Specialist
  • Relationship Manager

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