The most common and most likely answer to this crossword clue is the 13 letter word TREASURERSHIP
I've seen this crossword clue in The Times
T
R
E
A
S
U
R
E
R
S
H
I
P
Buddy explains!
The straight part
We know that "fund manager’s position" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case fund manager’s position = treasurership.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.