Fund Manager
A fund manager is a professional investor who uses his/her judgment to invest other people's money with the aim of increasing its value as fast as possible.
Fund managers who are good at managing funds - portfolios of shares, bonds and other investments - tend to be treated little 'little stars'. Big pay cheques, bonuses and perks abound.
But for every 'star' there are at least two or three more ordinary managers who tend to be paid less and deliver less good investment performance for you and me. Indeed, dissatisfaction with the performance of some managers has led some investors to turn to tracker funds.
The institutional fund manager looks after big company pension funds and the like. He's likely to work for a City investment house, stockbroker or life insurer.