fund manager

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Fund manager

The person whose responsibility it is to oversee the allocation of the pool of money invested in a particular mutual fund. The fund manager is charged with investing the money to attain returns consistent with the level of risk outlined in the mutual fund prospectus.

Fund Manager

A bank, business, or, less often, a person that makes investment decisions for a mutual fund. Fund managers make these decisions in accordance with the parameters set by the fund's prospectus. The goal is to make the most profit for the fund as possible. Unlike brokers, fund managers are not paid on commission but by a percentage of the total amount of money under the fund's management. This gives the fund manager an incentive to work for shareholders' profit because the more money the manager accumulates, the more he/she/it makes. See also: Markowitz Portfolio Theory.

fund manager

The supervisor of a pool of investment capital such as that held by a mutual fund, pension fund, or closed-end investment company. The fund manager is charged with making investment decisions that adhere to stated investment objectives.
I choose a particular mutual fund both because I am impressed with its performance or potential and because it strengthens the diversity of my portfolio. Should I also add an assessment of the fund's manager to this equation? If so, what should I consider?

With some 8,000 (and climbing) mutual funds to choose from, it has become a daunting task for individual investors to figure out which is the right one for them. Check out the fees. Read the prospectus. Gather short- and long-term performance data. Compare a fund's historic rate of return against those of its peers—mutual funds that invest in a similar asset class. And, yes, check out the fund manager. As every mutual fund prospectus tells us, past performance is no guarantee of future results. But at least you should know whether those total return figures were achieved by the current money manager or by someone who has moved on. What's more, experience matters in the world of money management, and investors should do a little digging to find out if a fund manager has weathered a bear market as well as a bull market.

Christopher Farrell, Economics Editor, Minnesota Public Radio, heard nationally on Sound Money®
References in periodicals archive ?
EB-5 fund managers have faced lawsuits from investors who have alleged breaches of this duty.
According to the ECA, a significant gender funding gap exists in financing women fund managers and women entrepreneurs in Africa.
'The SSS management believes that it can benefit from the investment value-added services of the fund managers such as training, access to proprietary investment analysis and information and access to business analytics,' Ignacio said.
SSS has hired local fund managers to manage P7 billion of its investment reserve fund (IRF) over two years to boost its financial standing.
The draft law gives a proposed eight-member Kenya Sovereign Wealth Fund Board powers to appoint fund managers through "an open, competitive and transparent process".Treasury Secretary, however, has authority to disregard the board and appoint the Central Bank of Kenya as fund manager for such a period he deems necessary.
PSE president Ramon Monzon said the three-basis-point licensing fee was reasonable given that fund managers charge 200 to 300 basis points of AUM for actively-managed funds.
There are eight private sector pension fund managers at present and PFRDA said it will soon invite RFPs (requests for proposal) to allow more players in.
The fund managers, depending on the asset class, charge fees ranging from 0.5 percent to 1.5 percent per annum.
Answering a question in Parliament on Monday, Advocate Sadique Kebonang however said the fund manager invested an amount of P53 250 as of February 24, 2016 at Babereki Investment, which is a wholly owned subsidiary of BOPEU.
Five Egyptian investments bank have received the MENA Fund Manager Performance Awards 2018 in Dubai, winning a total of nine awards out of 29 on Sunday.
Further, the fund managers can charge sales load up to 3 percent of the contribution.
Mercia Fund Managers, part of Mercia Technologies Plc, has said that it has opened a new office in Leeds.

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