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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The endowment's returns are a symptom of deep structural problems at HMC and the resultant significant issues in the portfolio." Narvekar went on to explain why Harvard is willing to pay hundreds of millions of dollars to outside investment managers every year.
"We think it is important that each client really understands their approach to benchmarking, to make sure that the investment manager is building a portfolio that meets their needs," said Schaefer.
Retirement plan committees should engage an advisor who acts as an investment manager in order to help them properly navigate a conflicted marketplace, understand inflated benchmarks, and make good fiduciary decisions.
* Webber enjoyed an unfettered ability to select investments by directing the investment manager to buy, sell, and exchange securities;
SEI has been at the forefront of providing back- and middle-office solutions to investment managers worldwide.
Investment managers are bracing themselves for a difficult slog through the remainder of 2008, according a report from Tacoma-based Russell Investments.
Direct access to such investment managers allows individuals to understand how their money is being managed, while simultaneously helping investment managers to respond swiftly to their client's needs.
Headed by experienced investment manager Clive Loader, the team includes three other directors: Steve Nicholas, Helen Higgs and Karen Harper.
If at any stage in the process an investment manager decides not to continue working with you, you should ask for a referral, as well as specific reasons for the decision.
Every prospective investment manager must be able to monitor compliance with your investment guidelines and government regulations.
Some companies retain recordkeeping and reporting in house and hire an investment manager to select mutual funds and monitor their performance.
But that doesn't mean that all these people are great investors or can make better decisions than an investment manager could make for them.

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