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Feature: Managed accounts offer way forward
08 December 2009
Hedge funds' pain won’t all have been in vain, for the industry has found that managed accounts are potentially the way forward to better client relationships and higher fees
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Managed accounts
hedge funds
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The experience of last year’s market turbulence will go down
in history as one of the financial market’s darkest periods. Hedge funds
investors, whether institutional or high net worth, found their assets were
frozen, an experience that powerfully concentrated their minds. But as recovery
gathers pace, it is clear that the crisis has proved to be a watershed in the
relationship between investor and the hedge fund industry, bringing permanent
change to a number of business models. Foremost among those affected is the
offshore hedge fund with assets held by a prime broker.
Paul Dackombe, head of Man Investments UK institutional client business, says:
“Last year will be seen as something of a watershed because it has forced the
hedge fund industry to truly embrace the demands of institutional investors, in
the process becoming far better managed and controlled, and as a result well
positioned for the anticipated growth in allocations from...
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