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A personal mutual fund allows the investment manager to establish a return history which can be easily presented to the investors and which is prepared and audited by independent entities for the investment manager, making its structure stronger. When individual portfolios are managed, calculating the manager’s return is more complicated, since an adjusted average for all portfolios run by the manager must be obtained. A return that can be easily analyzed over time is of great help for the manager who wishes to promote his/her services in the future.
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