Managed accounts to win in Germany

Managed accounts could gain in popularity in Germany if proposed law changes, approved recently by Germany's Cabinet, take effect, according to a leading fund administrator.

Claude Noesen, director of sales in Luxembourg for Bank of Bermuda's Global Fund Services, said the proposed requirement that single strategy hedge funds provide added disclosure, including electronically disseminating daily transparency, could lead umbrella funds to adopt a managed account structure to facilitate this in the