Some articles on money manager:
... services offered by a prime broker give a money manager the ability to trade with multiple brokerage houses while maintaining, in a centralized master account at their prime broker, all of the hedge fund’s ... Fundamentally, the advent of the prime broker freed the money manager from the more time consuming and expensive aspects of running a fund ... These services worked because they also allowed the money manager to maintain relationships with multiple brokerage houses for IPO allocations, research, best execution ...
Famous quotes containing the words manager and/or money:
“I knew a gentleman who was so good a manager of his time that he would not even lose that small portion of it which the calls of nature obliged him to pass in the necessary-house, but gradually went through all the Latin poets in those moments. He bought, for example, a common edition of Horace, of which he tore off gradually a couple of pages, read them first, and then sent them down as a sacrifice to Cloacina: this was so much time fairly gained.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (16941773)
“Want of money and the distress of a thief can never be alleged as the cause of his thieving, for many honest people endure greater hardships with fortitude. We must therefore seek the cause elsewhere than in want of money, for that is the misers passion, not the thiefs.”
—William Blake (17571827)