What is a Fund Manager?
A fund manager is responsible for implementing a fund's investing strategy and managing its portfolio trading activities. A fund can be managed by one person, by two people as co-managers, or by a team of three or more people.
Fund managers are paid a fee for their work, which is usually a percentage of the fund's average assets under management (AUM). They can be found working in fund management with mutual funds, pension funds, trust funds, and hedge funds.
Traditionally, a fund manager does not handle client money and or the custody/trustee because of potential conflict of interest.
In Singapore, Fund managers must be licensed (see Licenced Fund Management) by the MAS.