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CAROL PEPPER: But I personally believe that there are some great managers and separately managed accounts.
Some investment management firms promote separately managed accounts to affluent clients in order to avoid the tax inefficiency of mutual funds.
Other options include living trusts and managed accounts, which may also involve professional money managers.
BUT for Mr. Hoelzen, easy tax management is one of the best benefits of his managed accounts.
The fund management firm may have lots of other funds or billions in managed accounts (such as for pension funds and wealthy individuals).
This segment also provides investment account processing services for separately managed accounts, card and print personalization services, and fraud and risk management products and services.
Mr. Goldfarb and Mr. Poppe's firm owns Goldman shares for both the Sequoia Fund and separately managed accounts.
But the company is introducing more stock mutual funds and managed accounts, he said, and is a good acquisition target.
Madina has managed accounts in the financial services and insurance industries and led successful strategy, solution development, and analytics engagements.
In its complaint, the agency said that over three years, the Bitrans raised more than $500 million for eight hedge funds and various managed accounts.
His managed accounts, year-to-date, are up 8.1%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com