Portfolio manager

Also found in: Acronyms.

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.

Investment Manager

A person or, more often, a bank or business who controls an investment portfolio on behalf of a client. Investment managers make investment decisions on behalf of the client in accordance to the parameters set by the client. The goal is to make the most profit for the client as possible. Some investment managers have more autonomy than others, depending upon the client's needs and desires. Institutional investment managers normally hire a team to work on the different accounts it has under management. Unlike brokers, investment managers are not paid on commission, but rather by a percentage of the total amount of money under management. This gives the investment manager an incentive to work for the client's profit, as the more money the manager accumulates, the more he/she/it makes. An investment manager is also known as a money manager or portfolio manager. See also: Advisory account, Discretionary account, Markowitz Portfolio Theory.

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.

Portfolio manager.

A portfolio manager is responsible for overseeing a collection of investments, either for an institution -- such as a mutual fund, brokerage firm, insurance company, or pension fund -- or for an individual.

It's the portfolio manager's job to invest the client's assets in a way that's appropriate to meet the client's goals. A portfolio manager develops investment strategies, selects individual investments, evaluates performance, and rebalances the portfolio as necessary.

Portfolio managers may also be referred to as fund managers or money managers and may be paid fees based on the value of the assets under management, the performance of the portfolio, or both.

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Long-time team members Daniel Peris, senior portfolio manager, and Deborah D.
She joins the firm from GE Asset Management, where she was a high yield portfolio manager.
Think of the relief of the portfolio manager who no longer has to worry about quarterly performance.
In her new role, Tan will remain portfolio manager of the Excel Emerging Markets Fund and will take on additional responsibility as portfolio manager of the Excel Blue Chip Equity Fund, Excel Blue Chip Balanced Fund, Excel BRIC Fund and Excel Chindia Fund, which were previously managed by David Kunselman, whom she replaces as senior portfolio manager.
Then he confided that the portfolio manager is on shaky footing and must look over his shoulder at the other portfolio managers, plus stay awake nights worrying if he's going to lose his job.
Barris is the director of the high yield fixed income team at Standish Mellon Asset Management Company LLC, an affiliate of Dreyfus and since 2005 at Standish he has served as senior portfolio manager on the high yield fixed income team and a senior high yield credit analyst covering the gaming and autos sectors.
Earlier to DVM, he was a senior proprietary credit trader and portfolio manager for National City Bank (now part of PNC) for five years.

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