Managed accounts not seen as the panacea investors desperately seek

There has been a lot of talk about managed accounts and variations of them, particularly since the market meltdown forced funds to impose gates, lock-ups and suspend redemptions rattling investors. On top of that the Madoff scandal further shocked investors. The stampede to managed accounts has not quite materialised yet. The verdict on their feasibility is still out. While there are many eager and willing to espouse their attractions, there is an equal number counting the reasons managed accoun