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Hedge Fund Principal Jobs (NOW HIRING)

GCM Grosvenor

Investments Risk, Principal

Chicago, IL · Hybrid

SUMMARY GCM's Investments Risk team is seeking an experienced professional to help shape investment and portfolio decisions across the firm's hedge fund activity, using quantitative risk analysis ...

GCM Grosvenor

Investments Risk, Principal

Chicago, IL · On-site

$175K - $215K/yr

SUMMARY GCM's Investments Risk team is seeking an experienced professional to help shape investment and portfolio decisions across the firm's hedge fund activity, using quantitative risk analysis ...

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Hedge Fund Principal information

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$36.5K

$109.4K

$182K

How much do hedge fund principal jobs pay per year?

As of Aug 29, 2026, the average yearly pay for hedge fund principal in the United States is $109,393.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,000.00 and $125,000.00 per year, depending on experience, location, and employer.

What is a hedge fund principal?

A Hedge Fund Principal is a senior executive who typically has an ownership stake in a hedge fund and is responsible for overseeing investment strategies, managing portfolio risk, and ensuring the fund's overall success. Principals often play a key role in decision-making, client relations, and regulatory compliance. They may also be involved in raising capital and mentoring junior team members. The position requires deep financial expertise, leadership skills, and a strong understanding of market trends.

What are the key skills and qualifications needed to thrive as a hedge fund principal?

To thrive as a Hedge Fund Principal, you need advanced financial analysis skills, a strong track record in investment management, and often an advanced degree such as an MBA or CFA certification. Expertise with portfolio management systems, quantitative modeling tools, and risk analysis platforms is typically required. Strategic thinking, leadership, and effective communication are standout soft skills that drive team performance and investor relations. These abilities are crucial for making informed investment decisions, maximizing returns, and maintaining trust with stakeholders in a highly competitive environment.

What are some common challenges faced by a hedge fund principal in managing a diverse investment portfolio?

As a Hedge Fund Principal, one of the key challenges is balancing risk and return across a variety of asset classes and strategies, especially in volatile market conditions. Navigating regulatory changes, maintaining investor relations, and ensuring compliance add additional layers of complexity. Principals also face the constant need to innovate and adapt investment strategies while leading and mentoring a high-performing team. Effective communication and collaboration with analysts, portfolio managers, and traders are essential to achieve consistent results and sustain fund growth.

What is the difference between Hedge Fund Principal vs Hedge Fund Manager?

AspectHedge Fund PrincipalHedge Fund Manager
CredentialsAdvanced degrees, industry certifications often preferredSimilar credentials, often with CFA or equivalent
Work EnvironmentHigh-level strategic decision-making, overseeing fund operationsDay-to-day investment management and trading
Employer & Industry UsageTypically a senior leadership role within a hedge fundOperational role focused on managing investments

The main difference is that a Hedge Fund Principal is a senior executive responsible for overall fund strategy and leadership, while a Hedge Fund Manager handles the daily investment decisions and portfolio management. Both roles require similar credentials but differ in scope and responsibilities within the hedge fund industry.

How much do hedge fund principals make?

Hedge fund principals, also known as hedge fund managers or partners, typically earn substantial compensation that includes a base salary, performance bonuses, and a share of the fund's profits, often called carried interest. Total earnings can range from several hundred thousand dollars to over $100 million annually, depending on the fund's size, performance, and the individual's stake. High-performing hedge fund principals with successful funds can earn multi-million dollar bonuses and profit shares.

Is it hard to get hired by a hedge fund principal?

Hedge fund principals typically hire experienced professionals with strong backgrounds in finance, investing, or quantitative analysis. Competition is high, and candidates often need advanced degrees, industry certifications like the CFA, and a proven track record of performance. Networking and demonstrating specialized skills can also improve chances of being hired.
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Hedge Fund Principal jobs near you
Infographic showing various Hedge Fund Principal job openings in the United States as of August 2026, with employment types broken down into 89% Full Time, 9% Part Time, 1% Temporary, and 1% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $109,393 per year, or $52.6 per hour.

Event Driven Hedge Fund Associate

New York, NY • On-site

Neuberger Berman Group LLC
Finance and Insurance • 1 - 5K employees
Learn more about Neuberger Berman Group LLCexternal

$125K - $175K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 4 days ago

Job description

Neuberger's Principal Strategies Group (PSG) is a $3.5 billion alternative investment platform that sits at the intersection of public and private markets. The group manages a differentiated suite of strategies, including a market neutral event-driven hedge fund strategy and a private market crossover equity strategy, offering investors exposure to compelling opportunities across the equity event spectrum.
We are seeking a driven and analytically rigorous investment professional to focus on our market neutral event driven strategy. In this role, you will take an active part in evaluating and executing public market equity investment opportunities across sectors. The ideal candidate brings 2 years of experience in a top-tier investment banking program followed by 2 years in public market buyside/hedge fund experience.
Responsibilities:
  • Analyzing and conducting comprehensive due diligence on public market equity opportunities
  • Performing in-depth financial analysis of companies and industries
  • Build and maintain complex financial models, including DCF, LBO, and comparable company analyses to evaluate investment opportunities
  • Monitor portfolio positions through ongoing tracking of company developments, earnings releases, news flow, and macro/sector trends
  • Analyze corporate events including mergers & acquisitions, spin-offs, restructurings, activist situations, and other special situations to identify alpha-generating opportunities
  • Prepare detailed investment memos and present recommendations to the portfolio management team
  • Track and synthesize sell-side research, industry reports, and alternative data sources to develop differentiated investment theses
  • Engage with company management teams, industry experts, and sell-side analysts to gather qualitative and quantitative insights
  • Support portfolio risk management through position sizing analysis, scenario modeling, and stress testing
  • Collaborate cross-functionally with trading, risk, and operations teams to support seamless execution and portfolio management
  • Supporting fund marketing and existing client requests
  • Conducting ad hoc special projects

Qualifications:
  • Must have excellent academic credentials (both undergraduate school and GPA)
  • Must have 2 years of top-tier investment banking program experience and 2 years of top-tier hedge fund (preferred)/Equity buyside experience
  • Must be ranked near the top of investment banking class with exceptional quantitative skills
  • Must have strong judgment, critical thinking and written skills; ability to articulate and present ideas effectively both orally and in written form
  • Must show initiative and creativity in approach to problem solving; demonstrated experience in conducting research and interacting with others to develop solutions
  • Must have ability to multi-task with a fine-tuned attention to detail
  • Must have team-player attitude and a desire to work on a wide range of projects
  • Demonstrated proficiency with Excel and PowerPoint and ability to integrate AI tools into the research and investment process

#LI-Hybrid
#LI-Onsite
Applicants must be authorized and have the right to work in the country where the role is located without the need for current or future sponsorship.
Compensation Details
The salary range for this role in Illinois is $125,000-$175,000 and the salary range for the role in New York is $125,000-$175,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, retirement, life insurance and other benefits to eligible employees.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.
Neuberger is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact onlineaccommodations@nb.com.
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