Managers make decisions on behalf of a pool of funds.
If the manager's decisions are profitable the manager may collect a performance fee as a percentage of the overall return generated by the pool. Fees are collected in pool tokens, meaning if the manager is successful his/hers overall ownership of the pool will increase over time.
The formula for Available Performance Fee to Mint is (Pool Tokens):
Max(current token price - token price at last mint event, 0) * total token supply * manager fee fraction / token price
Managers dManager smart contracts to create pools
Managers may have public pools allowing anyone to become an investor.
Managers may have private pools that allows only certain addresses to become investors.
Managers can use active management strategies, algorithmic strategies, or invest in other pools on dManager.