From the category archives:

Hedge Fund Jobs

The current buzzword, fake news, begs the question, how often does one encounter fake news? It must occur with some degree of frequency, because pollsters report that two-thirds of the American public believes the mass media peddles fake news. There are larger questions. Is fake news the result of carelessness or is it done intentionally? How does one identify it? What can Americans do to combat it?

The much-touted information age, which arose in concert with social media and an ever-expanding internet, has given a voice to anyone with the time and inclination to sit at a keyboard. This has not only made fake news possible but, in fact, prevalent.

Fake by Omission

Here is one example that illustrates fake news by omission. This article purports to address the top 15 highest paying jobs in America. Our readers will be stunned to see that the news article makes no mention of any occupation in the hedge fund industry. The highest salary plus bonus is said to be that of an orthopedic surgeon, whose median salary and bonus total $450 thousand.

Anyone that has read the 2017 Hedge Fund Compensation Report is keenly aware that the article in question has major omissions. For example, the compensation report lists the total annual compensation for a legal/compliance officer in the hedge fund industry at $484 thousand, $34 thousand more than the median for an orthopedic surgeon, which the article names as the highest paying job in the land.

Identifying Fake News

Although one can make a credible argument that the Internet is the culprit behind fake news, it must also be said that the Internet offers the best hope of debunking fake news. The problem is that most people tend to take what they read at face value, particularly if what they are reading reflects their personal beliefs.

News articles that rely heavily on statistics and percentages should be viewed with a skeptic’s eye. For example, a small community that suffers one robbery in 2015 suddenly sees a rise of 100 percent in the robbery rate in 2016. While that sounds horrendous and makes for a gripping headline, the fact remains that there were but two robberies in 2016. Statistics are another source of concern. It is entirely possible for one to drown in a lake with a mean average depth of three inches.

Combating Fake News

Sadly, the only way to combat fake news is through independent research. Not everything one reads is deserving of fact checking. One has to choose his battles. If the news affects one personally, in that life-altering decisions are going to be made based on the information, of course, prudence dictates that one research and verify the facts as they are presented. The Internet makes this possible.

What about Hedge Fund Jobs?

The aforementioned Hedge Fund Compensation Report revealed twelve hedge fund jobs that have higher median pay than the fifteen jobs listed in the article. No one is suggesting that the omission of these jobs in the article was intentional. However, this is important information for anyone making a career choice and highlights the importance of doing one’s due diligence when making a life-changing decision such as a career path.

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People of diverse backgrounds have found a home in the hedge fund industry – lawyers, computer scientists, investment bankers and public accountants, to cite a few. According to the 2017 Hedge Fund Compensation Report, the previous professional backgrounds of about 14 percent of hedge fund professionals are lumped into an amorphous category termed “other”, which may well include the writing profession.

Are You Joking?

In a recent survey conducted by Kurtosys Systems Inc., a leading provider of fund marketing systems,  it was disclosed that almost two-thirds of asset managers regard content marketing as their single most effective marketing tool. It follows that professional writers must be engaged to supply this content. Of course, asset management is a broad category, of which hedge funds are but one component. Nonetheless, the importance of content to hedge fund marketing should not be underestimated.

Late to the Party

Hedge funds were among the last to adopt a client-facing web presence, in part due to regulatory prohibitions. However, the hedge fund industry can benefit from not having pioneered this marketing segment, and come away from the experience with far fewer arrows in its back.

As the digital revolution matures, hedge funds have learned that simply having a website is not enough. Engaging content is a critical factor that ensures visitors to a website return repeatedly. After all, there isn’t much point in creating a website that fails to attract visitors and, once visited, doesn’t provide them with an incentive to return. Hedge funds are very tuned-in to return on investment (ROI) so this is a point that will not be lost on our industry.

A lucid content strategy is essential to winning new clients and retaining existing ones. Countless studies have demonstrated that companies with high-quality content marketing generate increased traffic, boost engagement, produce more leads and drive higher conversion rates than many other marketing strategies. This is no less true with hedge funds.

What about Hedge Fund Jobs?

Hedge funds are on track to achieve 11 straight months of positive gains. This fact alone is encouraging to hedge fund job seekers. More to the point, hedge fund opportunities are available to individuals whose background and experience may, at first blush, seem unsuitable to the industry. However, the hedge fund industry is always innovating and with innovation comes change. These changes are opening up new opportunities of which this is but one example.

Similarly, opportunities arose in the field of mathematics as hedge funds explored technology-based algorithmic modeling in quantitative hedge fund strategies.  Computer science took on new significance for hedge funds as they began to pursue automation and artificial intelligence, and, as we’ve just read, hedge funds have more recently opened the door to the writing profession.

How soon will hedge funds be demanding the services of SEO professionals, proofreaders, editors and social media experts? Hedge funds have survived through innovation and this invariably creates opportunities in the hedge fund industry for people with the most unlikely professional and educational backgrounds. Regardless of profession, if one keeps his ear to the ground, he may hear a hedge fund opportunity calling.

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Investor Confidence in Hedge Funds Continues to Soar

September 18, 2017

Prequin reports the hedge fund industry has achieved gains in positive territory for 10 months in a row, with aggregate August gains of 0.97 percent. This is the longest streak of month-to-month gains since the financial crisis, and suggests the hedge fund industry has finally found its feet. Investors Are Taking Notice As has been […]

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Are You a Woman Struggling to Snare a Job in Hedge Funds?

August 21, 2017

Male portfolio managers outnumber women 20 to 1. This might suggest gender bias on the part of hedge funds. However, it might also suggest that women aren’t seeking this line of work. How can the facts be known? For example, 34 percent of doctors in the United States are female, about one in three. According […]

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What Career Paths Lead to a Job in the Hedge Fund Industry?

July 10, 2017

Contrary to popular opinion, earning an MBA will not necessarily earn you a spot in the hedge fund industry. According to the 2017 Hedge Fund Compensation Report, just 4 percent of those surveyed were hired by a hedge fund as students graduating with an MBA. This is not to minimize the value of an MBA in […]

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What Does an Analyst Do and What Do They Earn?

June 11, 2017

Although there are more than a few avenues leading to a job in the hedge fund industry, it can be argued that an analyst’s position is a typical entry-level position. Make no mistake; although the term entry-level often connotes the absence of a need for skills, education, prior experience or other attributes, this is not […]

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Hedge Fund Hiring in Quarter One

May 16, 2017

Many have the preconceived notion that jobs in the hedge fund industry entail hundred hour work weeks that wear down employees in a matter of months, not years. While it is true that a small percentage of firms may have this view, it is equally true that there are multiple roles in a hedge fund […]

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