Business, Legal & Accounting Glossary
A fund manager is an employee of a large institution (such as an insurance company or pension fund) who manages the investment of money on its behalf.
A fund manager is an investment professional, who manages the allocation of the financial resources in order to achieve optimal fund performance. Typically, a fund manager is responsible for the assets of a mutual fund through a fund manager can manage other types of funds such as a pension fund or insurance fund. A fund manager also carries the responsibility for general fund supervision, as well as monitoring the daily trading activity. Another important aspect of the fund manager position is to sustain the nominal risk of the mutual fund by developing prudent investment strategies. Although in general fund manager professionals are considered by many to be investment experts, selecting the right fund manager remains an important task. A worthy fund manager should have a proven track record of facilitating adequate fund performance and generating returns. A fund manager is sometimes referred to as a portfolio manager.
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This glossary post was last updated: 9th February, 2020