Hedge Fund Relationship Managers


Hedge Fund Relationship Managers


Many investment banks have prime brokerage departments that provide financing, brokerage and trading, custody, information, risk management, and administrative services to hedge funds. These services help the fund grow its business, attract investment capital, and operate smoothly. Relationship managers act as the go-between between the prime brokerage department (and other departments at the investment bank) and hedge funds. They educate hedge fund managers about the services provided by the prime brokerage and connect them to key ...

Quick Facts


Median Salary



Employment Prospects



Minimum Education Level

Bachelor's Degree



Previous experience in lower-level positions at a prime broker re





Personality Traits

Hands On


Prime brokerage relationship managers employed in New York City earned median salaries of $231,000 in January 2016 (the latest year for which data is available), according to Indeed.com. Earnings range from $80,000 at small hedge funds to $300,000 at firms with more than a $1 billion in assets under management. Relationship managers typically receive benefits such as paid vacation and sick days...

Work Environment

This career is fast-paced and sometimes stressful because hedge fund managers need information and other services quickly, and tens-of-millions of dollars are at stake if the relationship manager can’t fulfill a request promptly. Relationship managers work in traditional office settings. They must be available whenever a hedge fund manager needs them—so this job can involve work at nights and o...


The U.S. Department of Labor does not provide an employment outlook for hedge fund relationship managers, but it does report that job opportunities for customer service representatives and financial analysts who are employed by firms that deal with funds, trusts, and other financial vehicles are expected to grow by nearly 22 percent from 2018 to 2028, or much faster than the average for all car...