Fund Manager
A fund manager is responsible for making investment decisions and managing a fund’s portfolio. This role includes determining the asset allocation, selecting securities, and monitoring performance. Fund managers are pivotal to achieving a fund’s financial goals and are compensated based on the fund's success. In private equity and hedge funds, managers are often rewarded with management fees and performance-based incentives (carried interest).
Key Takeaways
- Responsible for making investment decisions and managing a portfolio.
- Key figure in achieving a fund's goals.
- Compensated through management fees and performance incentives.
- Critical in mutual funds, private equity, and hedge funds.
