Managed accounts, which had been relegated by investors and fund managers to the backburner in the days leading up to the financial crisis, have been making a comeback after 2009.
A lot of this has to do with the surge of funds that flowed to the hedge fund industry in recent years, particularly from institutional investors. An annual survey by Pensions and Investments showed that assets of the full universe of 159 institutionally oriented, single and multi-strategy hedge fund managers increased 15.4% to $1.5 trillion in the 12 months ended June 30, 2014.
Institutions coped with an ultra-low interest...
