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From Precy Dumlao, Opalesque Asia:
The global financial crisis in 2007 and the multi-billion-dollar Ponzi scheme by convicted criminal Bernard Madoff helped spike interest in the managed account space in the last couple of years. In fact, Walter Raquet, Chairman of the Stamford, Connecticut-based WR Managed Account Services revealed that his firm is currently in discussions with about 15 institutions with assets ranging anywhere from an estimated $3bn-$25bn. "They all have an incredibly keen interest in receiving daily risk reports, daily trading guidelines, and all of the other information that we can provide," Raquet said.
Indeed, participants in the latest Opalesque Connecticut Roundtable were in unison that managed accounts is an area that strong potentials moving forward. Theresa Patti from QFS Asset Management, a Greenwich, Connecticut-based quantitative global macro investment firm with $1.5bn in AuM admitted that her firm is seeing an increased demand for managed accounts from clients over the last couple of years, following the financial crisis and the Madoff controversy.
"The clients want increased liquidity and transparency into the holdings of the portfolio, and to know that the assets are safe. We have accommodated those requests where the acc...................... To view our full article Click here
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