<p>I was interested in becoming a fund manager but i just have one question i cant find anywhere.</p>
<p>How long do Hedge fund managers work on average?(in hours)</p>
<p>If you're asking this question, you have probably never worked in financial markets before.</p>
<p>My advice to you would be to go to college, then land a job at a respectable bank (hard for some) and then perform top 1%. If you perform any less, no one will be willing to hand you money to invest. After you have beat these odds, please come back and ask. :)</p>
<p>Now that I'm done with that, I'll answer your question. Established hedge fund managers barely work - they've handed it off to their workers. They just sit their and reap the dough. In the beginning, you can expect to work 100 hours to attract more investment, gain reputability and justifiably increase your fees.</p>
<p>Awesome advice Viper! Fully agreed with post.</p>
<p>
[quote]
If you're asking this question, you have probably never worked in financial markets before.
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true.</p>
<p>
[quote]
My advice to you would be to go to college, then land a job at a respectable bank (hard for some) and then perform top 1%. If you perform any less, no one will be willing to hand you money to invest. After you have beat these odds, please come back and ask.
[/quote]
Thanks I will. </p>
<p>
[quote]
Now that I'm done with that, I'll answer your question. Established hedge fund managers barely work - they've handed it off to their workers. They just sit their and reap the dough. In the beginning, you can expect to work 100 hours to attract more investment, gain reputability and justifiably increase your fees.
[/quote]
Thanks for the info! :)</p>
<p>a hedge fund manager will work a lot initially, especially if he/she is in charge of both investment decisions, marketing, and operations. sometimes, a manager hires CFO's and controllers and such to handle tasks surrounding investment decisions, in which case those people also become managers of the fund and fees are split.</p>
<p>a manager who is greedy and assumes all the tasks will likely work 90+ hours a week, while one who hires others, can probably get away with 50+</p>
<p>Just be a 99th percentile trader for 4-5 years and it'll be easy to raise money. :)</p>
<p>They work as long as they want, but keep in mind that they are expected to have great returns. If you trust your lackeys enough to make huge profits, go ahead and don't do anything.</p>
<p>I know a kid (friend?) whose brother is a hedge fund partner. It's true that he does take it easy, but when push comes to shove he can deliver. He went to NU and he was financed by a guy twice his age, though. He's ~30 at the moment. </p>
<p>It comes down to connections and performance.</p>
<p>If you know a manager its not very difficult, thank g-d for networking</p>
<p>There is a great book called Hedge Hunters by katherine Burton. It will give you a great insight at the world of hedge funds. Good luck with the reading it is very entertaining!!!</p>