Manager Of Managers - MOM

A class of financial intermediary that hires professional investment managers to oversee aspects of a client's investment fund. More specifically, the MOM tracks the performance of each investment manager and has the power to fire ineffective managers and then hire replacements on a client's behalf. Using a MOM to handle investments funds is an alternative to hiring a single investment portfolio manager that makes all the asset management decisions.

For example, suppose that a teacher's union hires a MOM to invest in its pension fund. The MOM then hires a number of investment managers, such as a bond expert, a money market expert and a large-cap stock expert; each has the responsibility of managing the particular asset class in which he or she specializes.

Because no single manager is an expert at investing in all asset classes, using a MOM allows clients to have an expert asset manager working on each aspect of an investment at all times.

Investment dictionary. . 2012.

Look at other dictionaries:

  • manager */*/*/ — UK [ˈmænɪdʒə(r)] / US [ˈmænɪdʒər] noun [countable] Word forms manager : singular manager plural managers someone whose job is to organize and control the work of a business or organization or a part of it I d like to speak to the manager. a… …   English dictionary

  • manager — index administrator, caretaker (one fulfilling the function of office), chief, comptroller, custodian (protector), director, employer …   Law dictionary

  • manager — {{hw}}{{manager}}{{/hw}}s. m.  e f. inv.  (pl.  ingl. managers   ) 1 Nell impresa moderna, dirigente che assume direttamente le funzioni dell imprenditore. 2 Chi cura gli interessi di attori, cantanti, atleti e sim. ETIMOLOGIA: voce ingl. deriv.… …   Enciclopedia di italiano

  • Manager — (engl., spr. männedscher), Leiter eines Unternehmens, Geschäftsführer, insbes. einer reisenden Theater oder Zirkusgesellschaft u. dgl. In der Turfsprache der Leiter oder Unternehmer eines Rennstalles. Managers heißen auch die vom Oberhaus und… …   Meyers Großes Konversations-Lexikon

  • Manager of the Year Award — This article is about the award presented by the Baseball Writers Association of America. For the award presented by The Sporting News, see The Sporting News Manager of the Year Award. For English football managerial awards, see FA Premier League …   Wikipedia

  • Manager (Wirtschaft) — Der Begriff Manager entstand aus dem englischen Verb to manage (handhaben, bewerkstelligen, leiten). Stammwörter sind die lateinischen Begriffe manus (Hand) und agere (treiben, führen, tun). Ein Manager ist eine Person, die Managementaufgaben in… …   Deutsch Wikipedia

  • Manager (professional wrestling) — In professional wrestling, a manager is a secondary character paired with a wrestler (or wrestlers) for a variety of reasons. The manager is often either a non wrestler, an occasional wrestler, an older wrestler who has retired or is nearing… …   Wikipedia

  • manager — A medium level participant established according to final take. Bloomberg Financial Dictionary * * * manager man‧ag‧er [ˈmænɪdʒə ǁ ər] noun [countable] JOBS someone whose job is to manage all or part of a company or organization, or a particular… …   Financial and business terms

  • Manager (baseball) — In baseball, the field manager (commonly referred to as the manager) is an individual who is responsible for matters of team strategy on the field and team leadership. Managers are typically assisted by between one and six assistant coaches,… …   Wikipedia

  • manager — 1. manager [ manadʒɛr; manadʒɶr ] n. m. ou manageur, euse [ manadʒɶr, øz ] n. • 1857, 1986; mot angl., de to manage « manier, diriger » 1 ♦ Personne qui veille à l organisation matérielle de spectacles, concerts, matchs, ou qui s occupe… …   Encyclopédie Universelle

  • Managers and ownership of the Arizona Diamondbacks — As of 2007, the Arizona Diamondbacks have had five managers, two owners, and two General Managers in their 10 year history. [cite web | title=AZ Diamondbacks Managerial History | publisher=MLB | url=… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.