The phrase "to manage the fund" refers to the process of overseeing and directing the investment activities related to a particular financial asset or pool of assets. This typically involves making decisions about how to allocate funds, what types of investments to make, when to buy or sell securities, and other strategic choices that can impact the overall performance and growth of the fund. A person who manages a fund is often called a portfolio manager or an investment manager, and they are responsible for implementing the fund's investment strategy in order to meet its stated goals and objectives.