A great article from Pensions & Investments on the separte account structure for hedge fund investors:
Institutions are looking for transparency, accountability, an appropriate level of liquidity and alignment of interests, while managers are hoping to remain viable, stable businesses. More fundamental than these disparate objectives, though, is what we all have in common: our core mission as fiduciaries. We have all been entrusted, by the same ultimate beneficiaries, with capital that must be treated with the utmost care and thoughtfulness. When an institutional client invests with a manager, they are becoming partners in the same critical undertaking: building a better future for beneficiaries over the long term.
This is the personal blog of Emory Redd.
This blog is not investment advice. This is not a solicitation to invest. Don't take candy from strangers.
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