Manager

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Manager

One who has charge of a corporation and control of its business, or of its branch establishments, divisions, or departments, and who is vested with a certain amount of discretion and independent judgment. A person chosen or appointed to manage, direct, or administer the affairs of another person or of a business, sports team, or the like. The designation of manager implies general power and permits reasonable inferences that the employee so designated is invested with the general conduct and control of the employer's business.

See: administrator, caretaker, chief, comptroller, custodian, director, employer, executive, factor, principal, proctor, procurator, proprietor, superintendent

MANAGER. A person, appointed or elected to manage the affairs of another, but the term is more usually applied to those officers of a corporation who are authorized to manage its affairs. 1 Bouv. Inst. n. 190.
     2. In banking corporations these officers are commonly called directors, and the power to conduct the affairs of the company, is vested in a board of directors. In other private corporations, such as railroad companies, canal, coal companies, and the like, these officers are called managers. Being agents, when their authority is limited, they have no power to bind their principal beyond such authority. 17 Mass. R. 29; 1 Greenl. R. 81.
     3. The persons appointed on the part of the house of representatives to prosecute impeachments before the senate, are called managers.

References in periodicals archive ?
AXA Investment Managers have informed the Board that after eight years as Senior Fund Manager, Martin McGuire has resigned his position at AXA Investment Managers and will leave the organisation on 27[sup.
Louis Firefighters% Retirement Plan, (the "Plan), is conducting a domestic investment grade core aggregate and investment grade global fixed income investment manager search under the guidance of their investment consultants, Barry Bryant, CFA and Steven Roth, CFA.
The term "testimonials" includes a "statement of a client's experience with, or endorsement of, an investment manager.
The duties of such internal observer include making sure that no conflicts of interest arise and that there is a separation between portfolio management and fund management activities if both types of activities are conducted by the investment manager.
There are a number of keys questions that you can put to a prospective investment manager in order to make an informed decision:-
Or, does it want to retain those operations in-house and hire an investment manager to select funds and monitor their suitability?
In addition, the DOL issued an earlier class exemption (PTCE 86-128) that generally provides relief where an investment manager has discretion with respect to, or provides investment advice to, either the buyer or seller, but not both.
Co-investment The Company aims to invest in larger, more mature unquoted companies through investing alongside the three other VCTs advised by the Investment Manager with a similar investment policy.
A time- and cost-savings benefit of AdvisorWeb is the increased efficiency it offers the investment manager in communicating with the custodian.
The power of the investment manager is all derivative.
I submit that we, the plan sponsors, are guilty of creating those types of conflicts because we expect the investment manager to come in and say, "I beat the index every quarter.
The contract must allow you -- and the investment manager -- the flexibility to manage those risks.

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