portfolio manager

Portfolio Manager

The person responsible for investing a mutual fund's assets, implementing its investment strategy, and managing the day-to-day portfolio trading.

Notes:

The portfolio manager is one of the most important factors to consider when looking at a mutual fund.

See also: Gunslinger, Information Ratio, Mutual Fund, Portfolio, Portfolio Management, Window Dressing

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Portfolio manager

Used in the context of general equities. Professional responsible for the securities portfolio of an individual or institutional investor, such as a mutual fund, pension fund, profit-sharing plan, bank trust department, or insurance company. In return for a fee, the manager has the fiduciary responsibility to manage the assets prudently and choose which asset types are most appropriate over time. Related: Investment manager.

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portfolio manager

A person who is paid a fee to supervise the investment decisions of others. The term is usually used in reference to the managers of large institutions such as bank trust departments, pension funds, insurance companies, and mutual funds. Also called money manager.