What is the function of investment managers?
People hire investment managers to manage their wealth, and private wealth management firms strategically invest the assets of their clients, often using financial instruments not available for individual investors, such as hedge funds.
All investments carry risk, regardless of who manages them. Some asset classes, such as money market instruments or bonds, are deemed to be one the safest investments. They are advisable for the investors who seek stable, but not above average long-term gains. The possible high returns from equities, forex market or alternative investments are tempting, but possible losses are much higher than in case of safer instruments.