Hedge funds are a special type of pooled investment fund. They are funds that generally avoid a great deal of government regulation by being only available to certain licensed or established investors or investment companies. They are not generally offered to the public at large. A hedge fund manager is the person who is responsible for the investment strategies of the fund. He or she decides which investments to pursue and how actively to pursue them. Hedge fund managers typically pursue high risk, high capital investments for their respective funds, as they operate with much more leniency than other investment vehicles.
The hedge fund manager typically is the person who helps work out the original investment strategy that informs the fund's day-to-day portfolio decisions. He or she publicizes the fund, usually based on the proven experience and track record of the hedge fund manager or financial institution he or she works for. The hedge fund manager will be expected to communicate frequently with investors and provide constant updates to fund future growth strategies.
Because hedge fund managers are typically paid by a steep commission, this is a very lucrative, extremely selective field. Most managers have advanced, post-graduate business degrees as a foundation for their careers. A typical hedge fund manager will normally gain practical experience in finance, market analysis, and management in more pedestrian financial products. Only through demonstrated performance excellence in the market do most such investment professionals get a chance to become a hedge fund manager. These persons typically work in an office environment during regular business hours. They normally also engage in extensive travel and after-hours entertaining in order to woo greater investments into the funds they manage.