portfolio manager

portfolio manager definition - business

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.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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