Hedge Fund Paralegal Job Description

'A hedge fund paralegal is a paralegal who works in the area of corporate law as it relates to hedge funds and private equity. Paralegals in this area typically work for attorneys in law firms that specialize in assisting with the formation and ongoing activities of investment funds such as hedge funds, sovereign wealth funds, leveraged buyout funds, pension funds, distressed company funds, and real estate funds. Hedge fund paralegals also sometimes work “in house” for the funds themselves. The work varies, but often involves helping draft documents needed to bring hedge funds into legal existence. Hedge fund paralegals are not attorneys, and thus must always work under the direction of a practicing attorney. Being a hedge fund paralegal is the perfect position for a someone who is interested in legal as well as financial documents and transactions.

Here are a few sample hedge fund paralegal job descriptions:


Hedge Fund Paralegal (Entry Level)

Duties: Participate as a team member and assist attorneys and paralegals in both the Corporate and Hedge Fund groups. Assist with managing, filing, proofreading and drafting documents and information related to hedge funds. Availability for overtime and flexibility for travel are required. Assist with new fund formations or winding down of funds, including drafting of entity formation or dissolution documents and coordination of state registrations and qualifications. Draft annual report filings as needed. Track, calendar, and maintain documents, investor information and institutional information for fund clients via spreadsheets and databases. Complete and file various substantive forms with the IRS and government regulatory agencies as needed. Draft and process legal response letters in connection with audit requests in compliance with established firm processes. Process KYC/AML search requests as needed. Retrieval of certified copies of corporate documents, certificates of good standing and legal existence and related documents from state officials for fund transactions or when otherwise requested. Perform public searches of all kinds, including federal and secretary of state records; prepare charts to illustrate results. Review printer proofs (proofreading). Draft closing documents including, but not limited to, closing certificates, partnership and operating agreements and side letters. Assist in closing binder preparation and distribution, and with other corporate document distributions. Assist with tasks in connection with closing of corporate transactions, including preparation of signature page packets, tracking execution status of documents and the maintenance and organization of corporate closing rooms, whether physical or electronic. Maintain client template forms and protocols for client-specific projects. Performs other work-related duties as assigned by other corporate paralegals and other individuals within the corporate management structure.

The candidate must have a bachelor's degree from a top-ranked institution. Must demonstrate the ability to maintain strict confidentiality of the firm's internal and personnel affairs. Ability to interact effectively with all levels of personnel, including management and support staff. Ability to be a proactive self-starter, who understands the details within a much larger context. Ability to embrace new processes and incorporate new technology to meet client demands as they evolve. Must be flexible in order to respond quickly and positively to shifting demands and opportunities; ability to work under tight deadlines and handle multiple, detailed tasks. Must be team-oriented and able to share information, goals, opportunities, successes and failures with the appropriate parties. Ability to plan, organize and carry out multiple related activities. Ability to work in a multi-office environment. Ability to influence at all levels of the organization. Ability to work effectively in a culturally and educationally diverse environment. Must pay attention to details and have the ability to follow up and follow through. Will involve significant contact with lawyers and paralegals at the Firm and requires strong interpersonal and communication skills. The candidate must be a demonstrated self-starter who is both highly organized and a team player.
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