Fund management also known as asset management refers to the process of operating, developing, selling, and maintaining assets in a cost-effective way. Most commonly used in finance, the term is used in regards to individuals or firms that manage assets on behalf of individuals or other units. Joseph Stone Capital believes that every company needs to keep track of its funds. That way, its stakeholders will know which assets are available to be employed to offer maximum returns. The assets owned by any business fall into two primary categories: current and fixed assets. Fixed or non-current assets refer to assets acquired for long-term use, while current assets are those that can be changed into cash within a short amount of time. Several reasons are there as to why businesses should be concerned about fund management, including: Since assets are checked regularly, the process of asset management guarantees that the financial statements r...