Hedge fund managers and investors alike have embraced separate account management as a panacea to their operational risk concerns and a quick win in the quest for greater transparency. But they should think again. In their rush to solve one set of problems, investors may be introducing even greater risks to their portfolios and hedge fund managers may be setting the stage for significant business challenges over the long term.
The Long-Term Implications of Separate Account Management
Read the attached excerpt from the February 2010 edition of the CFA Institute’s Investment Performance Measurement Newsletter.
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