What is a hedge fund manager?
The person, or firm, that runs a hedge fund: setting its strategy, deciding what to buy and sell, managing its risk and raising money from investors. Often it's the founder, who is also the fund's chief investment officer.
What they do
- Invest: decide the fund's positions, with analysts and portfolio managers who research ideas.
- Manage risk: how much to bet on each idea, how much to borrow, how much to hedge.
- Raise and keep capital: win new investors and report to existing ones, often in quarterly letters.
- Run the firm: hire, set up operations and meet regulators' requirements.
Managers are paid through the fund's fees, mostly its share of the profits, which is how the best-known ones became some of the richest people in finance.
On HedgeFollow, a fund's manager is named under it, and you can search for a fund by its manager's name.
Related pages: Famous hedge funds and their managers