MONEY MANAGER
A business or bank responsible for administering the securities portfolio of an individual or investor. A money manager employs people with broad expertise, from research and selection of investment options to watching the assets and deciding when to sell them. The manager has the responsibility to select and manage investments prudently for his or her clients. It also involved developing a suitable investment strategy, as well as purchasing and selling securities in order to meet the financial goals.
Also called portfolio manager or investment manager.
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Subprime Meltdown
Situation which affected the mortgage industry in 2007 because of approving individuals with poor credit rating. The housing boom in mid-2000s and ...
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Worldwide Coverage
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In the Pink
Informal expression that describes a situation in which an economy or investor is in a rosy financial position. More generally, it pertains to bein ...
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