Fund Manager Job Description

The fund manager job description entails handling financial investments of organizations and large business houses. The investments can be in a wide array of options ranging from mutual funds, stock market, bonds, real estate, etc.

Managing the finances of organizations is not an easy job, fund managers need to have the pulse of the market and ensure that the clients get good returns on their investments. Doing extensive market research is an integral part of the job. Some individuals or firms specialize in certain kind of investments, like equities, bonds, etc. Large private investors also hire fund managers and refer to them as wealth managers. The basic aim of the fund manager is to invest money for the clients and make them a profit. Getting good return on the investment is one of the major tasks of fund managers.

Duties

Fund managers are mostly employed by asset management companies, financial institutions and specialist stock investing firms. Eligible candidates who have an educational background of business schools and have certification from the American Academy of Financial Management will be preferred. Fund managers are in demand especially good ones during these times of economic turmoil. The job description can vary a little for the different specialties, here are a few.

Hedge Fund Manager
Hedge funds are unregulated and therefore have large sums of money invested in low risk and high risk return options. The manager needs to understand the strategy of the investors and study the market making speculative investment. Keen market acumen, an ability to predict market trends and doing lots and lots of research is the main task of the hedge fund manager. The hedge fund manager salary according to statistics stood at around four billion US dollars. A person working as a hedge fund manager also needs to track global interest rates and the changing economic policies of different countries. If you are wondering how to become a hedge fund manager, well you need to at least have a degree from a business school with a major in finance subject.

Mutual Fund Manager
They are hired mostly by asset management companies to take care of investments made on behalf of the clients in mutual funds. Mutual fund managers will have to keep close track of the prevailing market conditions and suggest times to buy stocks or to sell. As mutual funds are professionally managed collective funds, managers will have to carefully invest these funds in stocks, securities, commodities, etc. They will also have to keep track of the international market and prevailing political conditions that might affect the financial markets.

Investment Fund Manager
Organizations and individuals hire investment fund managers for financial advice and to wisely invest their money to make a profit. Investment fund managers will have to do a lot of research about the stock market to find opportunities to make a profit by investing in company shares. They will also identify real estate which can be brought to make a profit by selling it at a later date. Investment managers will also have to liaison with clients and managers from different companies to investigate investment opportunities.

Equity Fund Manager
This job profile requires individuals to manage the funds within one or multiple equity funds, they will also have to interact with investors and liaison with clients for financial planning. They will also have to implement strategies that will help manage the organizations investment portfolio. Monitoring the markets and prepare reports regarding the performance of equity funds on a quarterly basis or as stipulated by the firm. They will also have to oversee international equity funds and therefore have to keep an eye on foreign policies and the international political environment.

Basically, the fund manager entails wisely investing funds for organizations and large private investors and make them a profit. They will have to research and find opportunities in the stock market, mutual funds, startup ventures, real estate, etc.
By Indrajit Deshmukh
Published: 1/28/2011
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