6:00–6:30 a.m.: Wake up, exercise, shower, breakfast, and jump on the train. I scan e-mails and read The Wall Street Journal on the way into work to brief on current events in the market. I also scan industry journals to find out the latest news.
7:00 a.m.: Arrive at the office.
8:00 a.m.: After having coffee and a bagel, I check e-mails and phone messages from clients. Respond to client’s questions concerning performance of the fund and general market conditions.
9:00 a.m.: I work on writing the monthly newsletter. This involves getting all the analytics of the fund, which are obtained from the operations manager. It also requires the fund manager to summarize market conditions for the month and indicate which of the firms’ securities were impacted and which were not. I assist the fund manager in gathering the market data.
10:00 a.m.: The hedge fund manager calls me into a meeting with a potential investor (a high-wealth individual). I present the terms and conditions of investing with the fund—lockup periods, minimum investment, etc. The manager has already gone over the returns of the fund and his investment philosophy.
11:30 a.m.: I leave for a lunch in Midtown with an existing investor in the fund. This lunch was arranged to discuss a potential investment in a new fund that we are launching. Over lunch, we discuss the existing performance of our fund, general market conditions, and what differences the new fund would mean to his portfolio.
2:00 p.m.: Arrive back from lunch to many e-mails and voice messages. I respond to the e-mails, and continue to write the monthly newsletter, researching the macro economic conditions for the past month.
3:00 p.m.: I speak to capital introductions group at a leading prime broker to discuss their next conference and to see if the firm can present at it. The conference is full for speakers, but the firm will attend.
4:00 p.m.: I arrange meetings with potential investors for the fund manager. Then I continue with the monthly newsletter—this usually takes a few full days to complete since the coordination of the different departments can be time-consuming.
5:30 p.m.: Leave for a dinner in Midtown with a potential investor in the fund and the hedge fund manager to discuss the investor’s potential investment into a new fund the firm is launching. Over dinner, we discuss the existing performance of our funds, general market conditions, and what investing in the new fund would mean to his portfolio.
8:00 p.m.: After dinner, grab a cab home, quickly scan some financial Web sites, and crash. Long day, and there’s plenty to do tomorrow.
More Day in the Life
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