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From Kirsten Bischoff, Opalesque New York:

Lighthouse Investment Partners will announce today that the firm has grown its managed accounts program to include 80 distinct investments and span over $2bln in assets. For President and Co-Chief Investment Officer Sean McGould the continued growth of the platform and the expectations that the firm will grow to reach 100 managed accounts in 2010 is evidence that not only is the growing popularity of managed accounts a trend rather than a fad, but it is sweeping in its global nature.

The Florida-based firm has seen growing interest in managed accounts in the US and in Europe and is also growing its presence in Asia. The global nature of the financial crisis illiquidity effects as well as the cases of fraud it exposed within the hedge fund industry has brought managed accounts platforms to the attention of every type of hedge fund investor.

Lighthouse grew from a family office into a $5bln fund of funds advisor and in 2005 began shifting investments into managed accounts. Lighthouse took over 4 years to cautiously grow its program to cover all strategies including equities, credit, fixed income and derivatives. It then began using its proprietary platform to create funds that are entirely comprised of managed accounts.

Being well positioned as the interest in managed accounts has soared has not only been a......................

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