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Finance Dictionary and Glossary of Investment Terms
Portfolio manager
Definition 1.
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.
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Definition 2.
An individual who controls the assets of a mutual fund. The portfolio manager chooses and monitors appropriate investments and allocates funds accordingly.
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Definition 3.
The person responsible for the investment of a mutual fund's assets, implementing its investment strategy, and managing the day-to-day portfolio trading.
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