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Hedge Fund Manager Jobs (NOW HIRING)

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Conduct quantitative-focused due diligence on hedge fund managers * Assess manager performance through regression analysis and attribution of risk and performance * Assist in investment due diligence ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Conduct quantitative-focused due diligence on hedge fund managers * Assess manager performance through regression analysis and attribution of risk and performance * Assist in investment due diligence ...

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How much do hedge fund manager jobs pay per year?

As of Sep 6, 2026, the average yearly pay for hedge fund manager in the United States is $187,500.00, according to ZipRecruiter salary data. Most workers in this role earn between $168,500.00 and $206,500.00 per year, depending on experience, location, and employer.

What does a hedge fund manager do?

As a hedge fund manager, you manage a portfolio of investments and make daily decisions to help get the best rate of return. In this role, you may monitor industry developments that are relevant to your fund, provide reports to clients, and otherwise help to beat the average market rates. Many hedge fund managers specialize in specific sectors of the economy or types of funds, such as energy funds or investment in technology companies. Many hedge fund managers work with larger companies and may manage a variety of different portfolios. Hedge funds have fewer regulations than many other types of investments, allowing for more aggressive strategies. The ability to navigate these while still providing a good rate of return is essential to your success.

What does a hedge fund manager do?

A Hedge Fund Manager is responsible for overseeing and making investment decisions for a hedge fund, which is a pooled investment fund that employs various strategies to generate returns for its investors. They conduct market research, analyze financial data, and develop investment strategies aimed at maximizing returns while managing risk. Hedge Fund Managers also monitor portfolio performance and may adjust positions in response to market changes. Additionally, they often communicate with investors and ensure compliance with financial regulations.

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

To thrive as a Hedge Fund Manager, you need strong analytical skills, deep financial market knowledge, and typically a degree in finance, economics, or a related field—often supported by a CFA or MBA. Expertise in portfolio management software, risk assessment tools, and advanced financial modeling platforms is essential. Leadership, decision-making under pressure, and strong communication skills help set outstanding managers apart. These competencies are vital for making strategic investment decisions, managing risk, and delivering strong returns for investors in a highly competitive environment.

What are some of the primary challenges faced by hedge fund managers in today's market environment?

One of the main challenges for hedge fund managers today is navigating increased market volatility and rapidly changing global economic conditions. Managers must also adapt to evolving regulations and heightened transparency requirements, which can impact investment strategies and reporting processes. Additionally, intense competition for investor capital and the need to consistently deliver strong risk-adjusted returns means that staying ahead requires continuous learning and agility. Successful hedge fund managers often collaborate closely with analysts, traders, and compliance teams to mitigate risks and capitalize on new opportunities.

How much do hedge fund managers earn?

Hedge fund managers' earnings vary widely based on fund size, performance, and experience. They typically earn a base salary plus a performance fee, with total compensation often ranging from hundreds of thousands to hundreds of millions of dollars annually for top performers. Successful managers with strong track records can earn multi-million dollar bonuses and profit shares.
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Hedge Fund Manager jobs near you
Infographic showing various Hedge Fund Manager job openings in the United States as of August 2026, with employment types broken down into 100% Full Time. Highlights an 75% In-person, 17% Hybrid, and 8% Remote job distribution, with an average salary of $187,500 per year, or $90.1 per hour.

Hedge Fund Risk Manager

Northern Trust

Chicago, IL • On-site

$80K - $133K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 24 days ago

Key responsibilities

  • Monitor and aggregate risk exposures across underlying hedge funds by strategy, asset class, and geography

  • Conduct quantitative-focused due diligence on hedge fund managers and assess manager performance

  • Maintain risk models, build dashboards, and deliver risk reports to support investment decision-making

Northern Trust rating

8.2

Company rating: 8.2 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

Job description

About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Role Overview
We are seeking a Quantitative Investment Analyst, Hedge Funds to join our investment team. This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager-level due diligence, and forward-looking risk analytics to support investment decision-making.
The ideal candidate will act as a strategic partner to the investment team, providing actionable insights on portfolio construction, diversification, and downside risk management.
Essential Duties and Responsibilities
Portfolio Risk Oversight
  • Monitor and aggregate risk exposures across underlying hedge funds by strategy, asset class, and geography
  • Assess market, liquidity, concentration, leverage, and tail risks
  • Identify and communicate key drivers of risk and return attribution

Manager Risk Assessment
  • Conduct quantitative-focused due diligence on hedge fund managers
  • Assess manager performance through regression analysis and attribution of risk and performance
  • Assist in investment due diligence through analysis and reporting

Risk Analytics & Reporting
  • Maintain VaR, stress testing, and scenario analysis models
  • Build dashboards and deliver risk reporting to senior stakeholders
  • Provide actionable insights to investment decision-makers

Portfolio Construction Support
  • Advise on allocation sizing and diversification
  • Identify hidden correlations and portfolio risks
  • Support investment decisions with forward-looking risk views

Ongoing Monitoring & Surveillance
  • Track risk metrics regularly
  • Identify early warning signals such as style drift or anomalies
  • Participate in ongoing manager monitoring

Qualifications
Necessary Experience and Education
  • 2+ years of experience in investment analytics, risk assessment, hedge fund research, or portfolio construction
  • Bachelor's degree in Finance, Economics, Mathematics, or related field. CFA or FRM preferred.

Necessary Technical Skills
  • Understanding of investment strategies
  • An understanding of VaR, stress testing, and risk modeling
  • Prior experience with MSCI RiskMetrics, Barra or other risk engines
  • Proficiency in Excel, Power BI, or SQL

Necessary Core Competencies
  • Strong analytical and quantitative skills
  • Ability to interpret limited transparency data
  • Excellent communication and stakeholder management
  • High attention to detail

Salary Range:
$80,800 - 133,400 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

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