Fund manager

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Fund managers are individuals or teams that implement the investment strategy and management style, usually active, of a pooled-capital fund. Active fund managers invest the capital of a mutual fund or hedge fund with the aim of beating the market benchmark but recent studies and events suggest the value fund managers claim to add may be exaggerated.

Fund managers, also called investment managers, can strongly influence a fund's performance over time and command powerful loyalty from investors if returns consistently outperform the index. They may be individuals, partners or teams of three of more and are paid fees representing a percentage of funds' assets under management.[1] Stock-picking geniuses like Peter Lynch of Fidelity's Magellan mutual fund and Warren Buffett of Berkshire Hathaway have gained legendary status among modern-day fund managers.

In recent years, some hedge fund managers have gained both notoriety an exorbitant sums of money.[2] Among the top earners: