A Fund Manager is a professional who makes decisions to purchase or sell financial instruments on behalf of investors. These decisions are made with the objective of maximizing returns to the investors but in congruence with the stated goals of the fund to which the investors have contributed.
Generally, the Fund Manager would be a finance professional; a MBA or Chartered Accountant or Chartered Financial Analyst, etc. He may manage an insurance fund, a hedge fund, a trust fund, a pension fund or a mutual fund.
The investing public has neither the time nor the expertise to effectively and efficiently manage their financial resources. The Fund Manager makes decisions after monitoring the financial markets, assessing current economic trends, and analyzing company performances and future prospects. The data is supplied to him by a team of analysts.
A major responsibility of the Fund Manager is to ensure that the fund is managed in accordance with the prescriptions of regulatory authorities. He must also deliver growth in terms of capital appreciation and returns in the form of dividend payouts which are the expectations of the investors.