COMPLIANCE WATCH: Separate Accounts Gain Traction
Dow Jones Newswires, March 30, 2009
Guy F. Talarico, CEO of Alaric Compliance Services, LLC, was interviewed by Dow Jones for an article on the trend started by high-net-worth individuals and institutional investors to employ separately managed accounts for their hedge fund investments. Although viewed as a way to achieve greater transparency, control and security, according to Mr. Talarico, “for some investors it would be overkill to insist on separate accounts. If the goal is to be more comfortable in terms of verifying assets, there are other ways” – such as through the prime broker or fund administrators.