Posts Tagged ‘Apollo Capital Markets’

To Separate or Not to Separate

March 23, 2011

Chidem Kurdas

Separately managed accounts looked like the way to avoid unexpected suspensions of redemption as happened in the 2008 crisis, as well as rip-offs. Separate accounts, unlike shares in a fund, remain in the investor’s control. But there are downsides, both for  managers and their clients. You hear more about the negatives now.

John Phinney Jr., chief operating officer of Apollo Capital Markets, says managed accounts have unintended (more…)