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UTIMCO

Director, Hedge Fund Investments

Austin, TX · On-site

The Hedge Fund team member will help develop and oversee UTIMCO's equity market neutral managed ... Negotiate fees and terms on new and existing investments with counsel * Assist the Senior Managing ...

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$131.9K

$209K

How much do hedge fund counsel jobs pay per year?

As of Aug 10, 2026, the average yearly pay for hedge fund counsel in the United States is $131,912.00, according to ZipRecruiter salary data. Most workers in this role earn between $96,000.00 and $160,500.00 per year, depending on experience, location, and employer.

What are some common challenges faced by hedge fund counsel in ensuring regulatory compliance, and how are they typically addressed?

Hedge fund counsel frequently encounter challenges in navigating the evolving landscape of financial regulations, such as SEC requirements and anti-money laundering laws. Staying up-to-date with changing rules and interpreting their impact on fund operations can be complex. To address these challenges, hedge fund counsel work closely with compliance teams, conduct regular training sessions, and implement robust internal controls. They also maintain strong relationships with external advisors and regulators to proactively identify and mitigate compliance risks.

What is the difference between Hedge Fund Counsel vs Hedge Fund Paralegal?

AspectHedge Fund CounselHedge Fund Paralegal
Required CredentialsLaw degree, bar admission, legal experience in financeAssociate's degree or paralegal certification, legal support experience
Work EnvironmentLaw firms, in-house legal departments, financial firmsLaw firms, hedge fund offices, legal support teams
Employer & Industry UsageLegal professionals providing legal advice and complianceSupporting legal teams with document preparation and research
Common Search & Comparison IntentUnderstanding legal roles in hedge fundsSupporting legal staff in hedge fund legal processes

Hedge Fund Counsel and Hedge Fund Paralegal roles differ mainly in qualifications and responsibilities. Counsel are licensed attorneys providing legal advice, while paralegals support legal teams with research and document preparation. Both work within hedge fund environments but serve distinct functions in legal operations.

What are the key skills and qualifications needed to thrive as a hedge fund counsel, and why are they important?

To thrive as a Hedge Fund Counsel, you need a Juris Doctor (JD) degree, admission to the bar, and strong expertise in securities law, regulatory compliance, and fund formation. Familiarity with legal research databases, document management systems, and compliance software is typically required. Outstanding analytical skills, attention to detail, and the ability to communicate complex legal concepts clearly set top candidates apart. These skills and qualities are crucial for ensuring legal compliance, managing risk, and supporting the fund's strategic objectives in a complex regulatory environment.

What does a hedge fund counsel do?

A Hedge Fund Counsel is a legal professional who advises hedge funds on a variety of legal, regulatory, and compliance issues. Their responsibilities typically include structuring fund offerings, drafting and reviewing fund documents, assisting with regulatory filings, and ensuring the fund complies with relevant laws. They also help manage relationships with investors and regulators, and may advise on matters such as fund governance and risk management. In addition to providing daily legal support, Hedge Fund Counsel play a key role in navigating complex transactions and mitigating legal risks for the fund.
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Hedge Fund Counsel jobs near you
Infographic showing various Hedge Fund Counsel job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 11% Part Time, and 1% Contract. Highlights an 83% Physical, 7% Hybrid, and 10% Remote job distribution, with an average salary of $131,912 per year, or $63.4 per hour.

Director, Hedge Fund Investments

UTIMCO

Austin, TX • On-site

Full-time

Posted 4 days ago

Job description

The Hedge Fund team member will help develop and oversee UTIMCO's equity market neutral managed account hedge fund platform by sourcing, underwriting, and monitoring fundamental equity managers; evaluating portfolio performance, risk, and asset allocation; negotiating investment terms; and maintaining strong relationships with investment partners. The successful candidate will bring 7+ years of buyside fundamental equity investing experience, strong underwriting, quantitative, portfolio construction, and risk-management skills. The candidate must have the ability to lead comprehensive due diligence, communicate effectively with senior stakeholders, and represent UTIMCO with integrity and professionalism. The role also requires advanced financial-tool and responsible artificial intelligence (AI) proficiency, strong written and verbal communication, mentoring capability, and willingness to travel.
Overall Responsibilities:
  • Assist in building and monitoring UTIMCO's equity market neutral managed account hedge fund platform, which includes:
  • Sourcing and assessing new portfolio managers by establishing trusted industry contacts, meeting prospective partners, and attending relevant industry events
  • Monitoring individual manager and overall portfolio performance and risk
  • Fostering valued relationships with all investment partners
  • Conducting periodic updates to initial due diligence
  • Conducting periodic on-site visits with key investment and operations personnel
  • Lead comprehensive due diligence process for evaluating and underwriting prospective fundamental equity managers (including but not limited to in-depth company analysis, manager performance and risk, manager strengths and weaknesses, risk management, reference checks, evaluation of service providers, assessment of existing investor base, and thorough review of relevant legal documents with input from counsel)
  • Negotiate fees and terms on new and existing investments with counsel
  • Assist the Senior Managing Director with asset allocation decisions and portfolio evaluation
  • Prepare standard and ad hoc reports and presentations to facilitate communication and transparency to the Investment Committee, Board of Directors, and other external entities as required
  • Mentor and develop junior-level team members
  • Maintain knowledge of global capital markets and industry trends by monitoring current financial publications, leveraging personal contacts with outside research/industry professionals, and conducting ad hoc research
  • Represent UTIMCO in the marketplace with highest integrity and professionalism

Requirements:
  • 7+ years of buyside experience in fundamental equity investing
  • Strong understanding of fundamental underwriting, portfolio construction, and risk management
  • Ability to communicate effectively and professionally across Investment team members and UTIMCO
  • Exceptional quantitative skills, with the ability to evaluate fund and portfolio performance
  • Advanced proficiency in financial tools and applications (e.g., Excel, Bloomberg)
  • Proficiency in applying artificial intelligence (AI) tools to improve research, analysis, communication, and workflow efficiency, with sound judgment regarding accuracy, confidentiality, and appropriate use
  • Strong written and oral communication skills
  • Demonstrated ability to build and maintain strong professional relationships
  • Collaborative, organized, adaptable, and resourceful, with a team-oriented and "can-do" attitude
  • Unquestioned honesty, integrity, and transparency
  • Availability to travel domestically and internationally (10%)

Preferred Qualifications:
  • Bachelor's degree in finance, accounting or related field
  • MBA from a leading institution
  • CFA designation

Note: This role requires in-office 4 days a week: Monday through Thursday.
Click here to learn more about UTIMCO's mission and impact
As part of UTIMCO's Code of Ethics and personal trading compliance requirements, employees are subject to restrictions and reporting obligations related to personal securities trading activities, including activities conducted through household or dependent accounts. Please refer to UTIMCO's Code of Ethics for additional information regarding these requirements. If you or someone in your household engages in extensive personal trading, please raise the issue with Human Resources for further discussion.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
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About UTIMCO

Sourced by ZipRecruiter

Industry

Investment management and consulting services

Company size

51 - 200 Employees

Headquarters location

Austin, TX, US

Year founded

1996

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