Fund Manager
The person responsible for deciding how fund money is invested. Fund managers work for investment trusts, unit trusts and pension funds. Large fund managers have considerable influence in the financial markets because of the weight of money behind them. If they decide to move funds out of a sector, or out of a company in a sector, their decision can affect the price of shares in a way that the decisions of private investors rarely do (except for the smallest stocks). Some fund managers run active funds that aim to beat the market index by picking the best performing shares. Others run passive funds, which aim to match the performance of an index by tracking it.
Related books
The online dictionary of financial terms
