Fund manager definition
A fund manager implements the strategy of an investment fund and manages its trading activities. An investment fund is a pool of money provided by investors into the fund. The manager’s job is to generate returns on the investments according to the strategy of the fund. There may be more than one manager for a fund.
Fund managers are qualified professionals who tend to work for institutions, managing hedge funds, mutual funds, pension funds, or trust funds. They could also work for wealthy individuals, trying to maximise returns on the wealth while understanding the client’s risk tolerance and preferences.