Macro Manager
A boss or supervisor who lets
employees do their jobs with minimal supervision. Macro managers are thought of
by some employees as superiors who do not give them enough support or feedback
to do their jobs effectively, while others may be glad to be trusted and left
alone. A macro manager is the opposite of a micro manager, a supervisor who
constantly looks over employees' shoulders and is often perceived as
controlling and overly critical.
The term "macro manager"
can also describe someone who runs a global macro hedge fund. Global macro
managers need to have a broad knowledge base to understand big-picture
influences on investment performance in the global marketplace. Such influences
include political events, government policies and the way different countries'
central banks function. George Soros, Julian Robertson and Michael Steinhardt
are well-known global macro managers.
Micro Manager
A boss or manager who gives
excessive supervision to employees. A micro manager, rather than telling an
employee what task needs to be accomplished and by when, will watch the
employee's actions closely and provide rapid criticism if the manager thinks
it's necessary. Usually, the term has a negative connotation because an employee
may feel that the micro manager is being condescending towards them, due to a
perceived lack of faith in the employee's competency. A micro manager may also
avoid the delegation process when assigning duties and exaggerate the
importance of minor details to subordinates.
By contrast, a macro manager
defines broad tasks for employees to accomplish and then leaves employees alone
to do their work. The macro manager has confidence that he or she has hired
competent workers who can complete the same task without being continually
reminded of the process.
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.
Courtesy - Investopedia
No comments:
Post a Comment