This hedge fund job, for an immediate hire, is with a new fund with offices in Greenwich, CT and New York City. The post is a bit slim on detail (qualifications, responsibilities, trading strategies, technologies, &c) compared to other job descriptions for quant jobs. That probably means the firm is interested in talking to more, rather than fewer, candidates, and probably indicates an entrepreneurial environment where a wider, rather than narrower, skill set will be appreciated. The hiring firm’s focus on distressed investing represents a current trend in hedge fund launches.

Front Office Senior Developer / Quant
New York, NY / Greenwich, CT

New distressed asset-backed hedge fund seeks a strong programmer with experience analyzing asset-backed products such as mortgages and autos to work in a senior front office development role. Will be the lead developer of tools to help the portfolio managers trade the market. This role will provide great opportunities to learn the financial markets with tremendous growth potential in the front office.

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This tax manager job posted by a hedge fund recruiter is still open. The employer is an equities fund. A very specific breakdown of responsibilities can be found below. This is a mid- to senior-level position for a solid accountant with thorough knowledge of relevant tax issues. The firm is looking for:

• 6-10 years in public accounting
• Heavy experience reviewing partnership and individual tax returns
• CPA, Masters in Taxation preferred
• Hedge fund or private equity experience is a plus

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The recent announcement of a partnership between the Millennium Finance Corporation in Dubai and the Man Group to offer a Shari’ah-compliant hedge fund highlights also the increasing presence of sovereign wealth in the hedge fund industry. Here’s a recent Dubai-based hedge fund portfolio manager job, exclusive to Hedge Fund Search Digest, from one of several recruiters, with a focus on MENA hedge fund jobs, who work regularly with HFSD.

Portfolio manager for a reputable firm’s public equity investment management efforts in the MENA Region, consisting of the Arab countries of North Africa, the Middle East and the Gulf, plus Turkey. The firm is currently undertaking a strategic growth initiative, looking to achieve USD 10 billion of AUM by 2010, by launching a fund platform consisting of regional and sector-focused hedge funds, private equity funds and real-estate funds.

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This opportunity to run the show (from the IT perspective) at an NYC hedge fund is a pure tech role. Experience in financial technologies and institutions is always helpful for this kind of position, but sometimes not essential. First and foremost, the employer is looking for a strong hardware / software / network professional. A hedge fund job like this often gives the opportunity to work with the best technologies available.

Work in a small midtown hedge fund (25 people) directly with the CFO and Director of Operations. Hands-on IT Manager is needed to manage network operations, telecommunications and design / implementation of the application infrastructure for the firm. Candidate will be required to manage hands-on all aspects of hedge fund operations, with focus on the following areas:

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We’re well into several sea changes in the hedge fund industry that bear directly on fund marketing, sales and client service — three closely related aspects of fund operation. In general, cash is flowing into the industry less readily than in previous years. Institutional investors and HNW individuals are still turning to hedge funds, but preferring established firms with large AUM. Pensions and governmental investment agencies, with bureaucratic overhead that creates load for client service personnel, are becoming increasingly interested in hedge funds and funds-of-funds. Client service overall is becoming a bigger job, as potential investors have more questions and established clients want to keep a closer eye on their investments. Recent decisions by funds to freeze withdrawals during market turbulence have undoubtedly contributed to these trends. Attracting and retaining investors is a more competitive challenge than ever.

A recent job post to Hedge Fund Search Digest by a major bank and financial services organization indicates four areas of responsibility for a hedge fund investor services professional:

Service Delivery — Serves as primary contact point for fund investors, and for fund managers for issues relating to investors. Provides documentation to authorised parties. Opens new investor accounts ensuring compliance with the company & government regulations. Processes investor transactions in line with company & government regulations. Processes cash movements associated with investor activity. Ensures that fund records are maintained in a complete and organised manner. Produces internal operational reports. Particular responsibility for the second-level review of activity by team members.

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All in all, middle office roles are not responsible for the allure of hedge fund employment, but especially in current market conditions they may provide an excellent way in the door. As the industry consolidates — large funds becoming larger — internal operations become correspondingly more complex and involve more personnel. Hedge funds are hiring, and hiring for Operations is a crucial part of that. We’ve also seen hedge fund middle office roles that allow for substantial growth and transitioning to other areas in the firm. Base salary on offer for this “Middle Office Analyst” position in New York City starts at $100k:

$1billion+ hedge fund has been operational for over 15 years and is highly ranked. The firm invests in multiple asset classes including private equity, derivatives and fixed income. The analyst will report directly to senior management. The main responsibility will be to work with Advent Geneva to update, review and create standard reports on a monthly basis. Required: an understanding of Geneva, exposure to operational issues such as CDS, CLO & bank debt, and very strong desktop skills. Must have either hedge fund experience, or strong accounting experience from either the sell-side or a big four accounting firm.

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As institutional investors turn away from small funds, but remain interested in the hedge fund asset class, major employers like this one are somewhat insulated from the bad weather. This very large investment firm, based in San Francisco, is hiring for its US and Global Equity Group. The excerpts from the job description published here spell out the responsibilities of the position in detail. We’ve truncated the description of desired qualifications a little bit, while retaining the main idea. Helpfully detailed job posts are characteristic of large firms, which tend to have dedicated in-house HR people.

Overview:
The group manages a large number of funds across mandates (long-short, long-only and partial long-short) and breadth levels (from global large-cap to focused industry-specific funds). This position will play a large role in the day-to-day management and the development agenda for one or more of the funds.

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It’s a good year to be a talented hedge fund marketer or a salesperson with a deep network. Small and startup firms are struggling to raise funds this year, and anyone who can deliver the goods will be highly valued. A few recruiters specialize in the area of sales & marketing of alternatives, and they are the contacts to know about. This hedge fund sales job, exclusive to Hedge Fund Search Digest, is based in New York. It also deals in a part of the market where many funds see opportunity right now.

Hedge fund sales / asset-raising person needed for a new MBS long/short strategy. This is a new fund at an established firm with an excellent track record, specializing in the MBS and fixed income arena. The firm’s seasoned chief was head of trading & research at a top investment bank prior to launching his hedge fund career.

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Entry level hedge fund jobs aren’t exactly a-dime-a-dozen. This junior position (located in Greenwich, CT) is an ideal illustration of a break-in opportunity for an ambitious candidate with solid skills. View complete details and contact information for this one and others like it in Hedge Fund Search Digest’s hedge fund job database.

Sophisticated quantitative hedge fund is seeking a Junior Execution Trader to work the night shift on the European Markets Desk. Qualifications:

• 1-5 years executing trades in the European OTC equity and futures markets, interest rate derivatives markets, and commodities markets
• willing to work from 2 a.m. until noon each day
• quantitatively trained with solid programming skills (C++ and SQL required; JAVA and Perl preferred) to operate/enhance the fund’s trade execution strategies, algorithms and market impact models.

Candidates should have a BS or MS in Math, Engineering, Computer Science, Physics or Finance, with a strong GPA. Fund offers a very attractive compensation and benefits package.

This hedge fund job is based in Southern California. Hedge Fund Search Digest lists well over 500 current hedge fund jobs worldwide, as well as profiling more than 100 hedge fund recruiters.

6 year-old equity hedge fund / broker-dealer is looking for a unique combination of talents. Will be COO of this small fund and a technologist, architecting systems and infrastructure to accomodate new strategies in a high volume trading environment. Must be able to take direction from the CEO and execute strategies and must know the relevant technologies. There are compliance, SEC reporting, and tracking variables as well. Requires a demonstrated knowledge of systems and architecture in an equity hedge fund, with an understanding of the nature and complexity of the trading environments. A very good grasp of the options market would be helpful. The CEO and quant engineer have built models they would like to implement; the successful candidate will be the technology expert to make it happen.