Post Madoff, big names take a serious look at managed account platforms

Mon Oct 5, 2009




EIM, Union Bancaire Privée, HSBC and UBS could be pouring billions of banking and asset management dollars into the segregated managed account industry. Considering managed accounts in the post Madoff environment era is now seen as a must. While not all are choosing to take that route, many banks and asset managers have at least stopped to listen to the pitches.

The options for those that want to take the segregated managed account are to rent, build or buy, according to the panel session at the InvestHedge Forum in London. Renting is for small family offices and charities, while asset owners of $500 million or more can consider building their own, said Simon Hookway of MAG Consultancy. MAG Consultancy advised EIM in the recent selection of Deutsche Bank and other key service...

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