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