What is the difference between investment management and fund management?

Investment management refers to a broader process that encompasses managing various types of investments, including stocks, bonds, real estate, and other assets, with the goal of achieving specific financial objectives for clients or institutions. Fund management, on the other hand, specifically focuses on managing investment funds, such as mutual funds or hedge funds, where pooled capital from multiple investors is managed collectively. While fund management is a subset of investment management, investment management can also involve individual portfoliOS and direct asset management strategies.