What is a Fund
A fund is a pool of money that is allocated for a specific purpose. A fund can be established for any purpose whatsoever, whether it is a city government setting aside money to build a new civil center or an insurance company setting aside money to pay its customers’ claims. Individuals, businesses, and governments all use funds to set aside money. Individuals might establish an emergency fund or rainy-day fund to pay for unforeseen expenses or to set aside money for a specific person.
The majority of funds established in Jersey are investment vehicles focussed on alternative investments. Alternative investments are made in such assets as real estate, private equity or derivatives and are usually referred to as being those not made in equities or bonds.
Types of Funds
Funds in financial services
Fund managers are responsible for making sure that accurate accounting records are kept for investment funds. You could also be involved with implementing investment strategies and managing trading activities. In the financial services, you could work in any of the following areas:
- Hedge Funds
- Pension Funds
- Law
- Investment Funds
- Company secretarial
- Administration
What skills do you need?
- Ability to work effectively under pressure in a fast-paced environment
- Good numerical and IT skills
- Analytical and problem-solving skills
- Keen interest in and understanding of financial markets
- Ability to maintain confidentiality
- Team player
- Good communication skills
Qualifications to consider
- Relevant university degree
- Accountancy qualification
- ICSA qualification
- CFA Level 1 qualification
- CLT International Certificate in Fund Administration (Diploma/Certificate/Advanced Levels)
Career Opportunities
Some career opportunities may include but are not limited to:
- Financial Analysts
- Trader
- Portfolio Manager
- Fund Manager
- Fund Services Manager
- Fund Administrator
Testimonials
Christina Hoyles Senior Fund Accountant
"Working in Funds provides a great platform to learn transferable skills that can be used anywhere. I have learnt to be more organised, to be confident in coaching junior members of staff and provide on the job training to colleagues. The Funds industry is exciting as the industry continues to move quickly as the global platform for businesses changes. Working in Funds means every day is different, which sounds like a cliché, but I can go from preparing net asset values for assigned funds, to looking at performance management calculations, to then looking at day-to-day bookkeeping and internal processes."
Are you ready to kick-start your career in Funds? Find out more about Jersey companies who offer positions in this area.