What Does A Fund Manager Do?
Fund managers provide financial advice and services to private and corporate clients about a range of investment matters, including buying and selling investment trusts and shares or bonds.
Fund managers work in the financial sector managing equity funds, currency or property on behalf of clients looking for the best return on their investment.
Are Asset Funds High Risk?
High-Risk. In general, hedge funds are considered to be high-risk investments because of the huge potential for money loss. Some experience huge money losses through hedge funds because of the concentrated strategy, while others experience huge gains.
What Do Asset Managers Actually Manage?
The general objective of a hedge fund manager is to provide investors with positive returns in most market conditions, protecting them against market volatility.
Many hedge fund managers also invest a significant proportion of their own wealth into the funds they manage to provide accountability to other investors effectively showing they have ‘skin in the game.
How Many Years Does It Take To Become An Asset Manager?
Aspiring hedge fund managers may work toward the CFA certification if they hold at least a bachelor’s degree, four years of related work experience and successfully pass three financial exams.
How Do I Become An Asset Manager?
A diploma or degree is usually necessary for entry into the profession of fund management. Qualifications in business studies, management, statistics, finance, mathematics, accounting or economics can be helpful, as can an MBA or similar professional qualification.
How Much Do You Need To Start A Hedge Fund in South Africa?
The regulations provide for two categories of hedge funds: Qualified Investor Hedge Funds require a minimum investment of R1 million and are open to investors with a solid understanding of the investment strategies deployed by hedge funds and the associated risks.
How To Become An Asset Manager In South Africa
WHAT QUALIFICATIONS DO I NEED?
A diploma or degree is usually necessary for entry into the profession of fund management. Qualifications in business studies, management, statistics, finance, mathematics, accounting or economics can be helpful, as can an MBA or similar professional qualification.
Relevant paid or voluntary experience gained via job shadowing, part-time work and internships is particularly beneficial. Graduates normally enter the industry in investment analyst roles and move over to fund manager roles with experience.
WHAT SUBJECTS DO I NEED?
Contact each institution for their specific requirements, but these subjects are recommended:
• Mathematics
• Accounting
• Economics
• Business Science
WHERE CAN I STUDY?
University of Pretoria
Bachelor of Commerce
www.up.ac.za
University of Stellenbosch
Bachelor of Accounting
www.sun.ac.za
Nelson Mandela Metropolitan University
Bachelor of Commerce
www.nmmu.ac.za
South African College of Business
Programme: CIMA Advanced Diploma in Management Accounting
www.sacob.com
