To me managing an assets implies being in charge of the same asset (what my dictionary states). We have the phrase "managing director". That is a person who makes the day-to-day decisions regarding the business, but he has to act within the guidelies set by the Board. Managing something implies a lot of influence/power normally.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.