A Managed Account is a personal account created in the name of the investor and run by a professional fund manager. The trading strategies are implemented directly on the accounts of the investors based on the agreed investment style. As the holder of a managed account you retain full transparency and flexibility over your account, with access 24 hours a day, 7 days a week so you can track each transaction and the development of your account balance online.
There are only few investments that provide this high degree of transparency. You can also top up your account, reduce the capital invested, or indeed demand full payout of the balance at any time.
Authorized by a limited power of attorney the fund manager can open and close only long and short positions, but does not have direct access to your personal account. Power of payout remains with the account holder solely.