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.

References in periodicals archive ?
Schwartz, CFA, who serve as lead portfolio manager and co-portfolio manager, respectively, of that USD 900 million fund.
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The proposed amendments include a separate section on ' eligible fund managers' that would specify conditions that will apply to their activities as portfolio managers.
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Although certain securities, such as Treasuries, are more liquid than others, assigning a different maximum maturity to different types of securities limits the portfolio manager's ability to purchase the most attractive securities on a relative value basis at a particular maturity point.
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Responsibilities: As founder and president of the investment management firm with approximately $5.6 billion in assets under management, he not only heads the management team but also serves as a portfolio manager and analyst.

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