Separately Managed Account Indices Launched

June 18, 2002 ( - Effron PSN, an investment research firm, has created performance indices for separately managed accounts.

The indices are divided into different style categories. Two classes of these indices, median and equal weighted, are immediately available.

Other classes including asset-weighted indices based on different investment styles, while geographic concentration strategies will be implemented at a later date, the company said.

The separately managed account indices have been constructed using the PSN manager database, which includes over 1,200 investment management firms with more than 5,000 separately managed account representative composites.

Effron said investment managers have been measuring the performance of separately managed accounts against various benchmarks such as normalized portfolios, security indices, and peer group universe of separately managed account products, whether they are live accounts or representative composites.