Opinion

Managed or separate accounts - what's the difference (and who cares)?

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The industry's love-hate relationship with managed accounts divides an industry that already has enough of a PR problem

By Niki Natarajan

The industry's love-hate relationship with managed accounts divides an industry that already has enough of a PR problem. And, like all that arouses passion, it makes for great contentious debate.

But, as I edited this month's Industry Analysis, based on a white paper called Separate Accounts as a Source of Hedge Fund Alpha, I realised that semantics might be getting in the way of sound investment judgment.

While my personal view may be irrelevant (largely because, like Becky Bloomwood in Confessions of a Shopaholic, I do not currently have enough saved to warrant even a savings