A portfolio manager is responsible for investing their clients’ money. Also known as a wealth manager, they work for high net worth individuals and institutional clients such as mutual funds or insurance companies.
The portfolio manager carefully selects the best investment opportunities to grow their clients’ capital. To assess an investment’s potential, the portfolio manager relies on the soundness of an asset’s economic and financial model. They may also rely on financial analysts’ recommendations to make better decisions. Another part of their job is to optimize capital allocation to assets according to their clients’ objectives.
Synonyms: Fund Manager, Investment Manager, Wealth Manager, Asset Manager
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