A managed account is an entity controlled by the dealer that is intended to replicate the exact investment strategy of the underlying hedge fund. A hedge fund manager is appointed to the account and decides which instruments should be bought, but the issuing bank would then go and buy the instruments, which is cleared through its own prime brokerage. The fund ultimately sits in the name of the bank.
The hedge fund index passively tracks 15 hedge fund strategies across 108 of Lyxor's managed accou
The week on Risk.net, July 7-13, 2018Receive this by email