Overview
McMillan prefers to manage client money through separately managed accounts. We have found this to be beneficial to investors for a number of reasons when compared to a hedge fund structure:
Better liquidity terms
- Accounts are individually managed, not commingled with other investors
- Assets are held at a brokerage firm in your name. McMillan only has trading authority
- No lock-up periods
- No redemption fees
Increased transparency
- You receive full disclosure of trading activity in your account
- Daily position updates
- Monthly brokerage statements
- Quarterly management reports from McMillan