What is ‘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.
Explaining ‘Manager Of Managers – MOM’
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.
Further Reading
- Understanding variation in managers' ambidexterity: Investigating direct and interaction effects of formal structural and personal coordination mechanisms – pubsonline.informs.org [PDF]
- Married, mom and manager–how can this be combined with an international career? – www.tandfonline.com [PDF]
- Strategic agility in MNEs: Managing tensions to capture opportunities across emerging and established markets – journals.sagepub.com [PDF]
- Defending the stockholder model: A comment on Hasnas, and on Dunfee's MOM – www.jstor.org [PDF]
- Technology transfer: the practice and the profession – www.tandfonline.com [PDF]
- Work, family, and managerial attitudes and practices in the European workplace: Comparing Dutch, British, and Slovenian financial sector managers – academic.oup.com [PDF]
- The skills base of technology transfer professionals – www.tandfonline.com [PDF]
- Financial exploitation of older adults in rural settings: a family perspective – www.tandfonline.com [PDF]
