A hedge fund manager is in charge of making investment decisions for a pool of capital commonly provided by investors that meet designated requirements for net worth or investment sophistication. Since a hedge fund manager is responsible for handling a portfolio of investments, his position is somewhat similar to that of a mutual fund or exchange-traded fund (ETF) manager. However, because hedge funds are typically much higher-risk portfolios that are more actively traded, they require close monitoring and a greater amount of day-to-day hands-on management and decision-making regarding investments. The hedge fund manager is the person ultimately responsible for conducting the hedge fund's everyday affairs, such as raising investment capital and rebalancing investments to maintain a given risk/reward ratio. He is usually supported by a team of analysts and traders who conduct much of the necessary research and are in charge of actual trade execution.