Manager Of Managers (MOM)

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 – [PDF]
  • Married, mom and manager–how can this be combined with an international career? – [PDF]
  • Strategic agility in MNEs: Managing tensions to capture opportunities across emerging and established markets – [PDF]
  • Defending the stockholder model: A comment on Hasnas, and on Dunfee's MOM – [PDF]
  • Technology transfer: the practice and the profession – [PDF]
  • Work, family, and managerial attitudes and practices in the European workplace: Comparing Dutch, British, and Slovenian financial sector managers – [PDF]
  • The skills base of technology transfer professionals – [PDF]
  • Financial exploitation of older adults in rural settings: a family perspective – [PDF]