Hedge fund is the portfolio of investments made in domestic or international market with the aim of getting a huge return. ... Hedge fund accountant responsibilities include organizing and maintaining the hedge fund accounts of investors and keep a track of the total flow of money through these funds.
http://en.m.wikipedia.org/wiki/Hedge_fund
Fund accounting refers to the maintenance of the financial records of an investment fund. Accounting records must be kept for the investor activity, the portfolio activity, the income earned and the expenses incurred by the fund.

hedge fund is an investment fund that pools capital from accredited investors or institutional investors and invests in a variety of assets, often with complicated portfolio-construction and risk management techniques.[1] It is administered by a professional investment management firm, and often structured as a limited partnership, limited liability company, or similar vehicle