portfolio manager

portfolio manager definition - finance
A professional who earns a fee for managing investments for individuals or institutions. Portfolio managers are employed by insurance companies, mutual funds, pension funds, banks, and other financial institutions; they owe a fiduciary responsibility to investors. Also called money manager.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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