April 17, 2017

You say Tomato and I say Linguini: Understanding the Differences between Separately Managed Accounts and Funds of One

You say Tomato and I say Linguini: Understanding the Differences between Separately Managed Accounts and Funds of One

April 17, 2017

Fund managers are more willing these day to offer investment opportunities outside their commingled vehicles, and these alternative structures offer certain advantages to institutional investors. The two alternative structures, separately managed accounts (an "SMA") and single-member funds (aka a "Fund of One"), are not the same, and the structure the investor chooses can affect outcomes for both parties. The two speakers, Ed Klees and Mike Neus, have worked on these structures for many years: Ed, from the investor perspective; and Mike, from the fund manager point of view. Ed and Mike have had an ongoing and (usually) friendly dialogue on this topic. In this webinar they will share their knowledge and tips on how an investor should look at selecting either an SMA or a Fund of One for a specific manager and strategy.

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