As a participant in a hedge fund internship, you are a student in an investing training program that teaches you the duties and responsibilities of a hedge fund investor. In the program, you learn how to help others with finance options related to hedge fund investing under the supervision of experts in the field. Some companies pay interns, while others only offer unpaid internships. Most of these positions are full-time. Hedge fund internship participants need strong math, analytical, communication, and management skills. You should also understand basic investing risks and how to create and build a strong investment portfolio.