With the events of 2008 and early 2009 – faltering hedge fund performance, high profile frauds and prime broker and counterparty failures – hedge fund investors are showing increased interest in managed accounts.  Managed accounts generally are investment portfolios owned by the investor and managed by the hedge fund manager side by side with a primary hedge fund.  They can offer an efficient vehicle for investors looking to segregate their assets from the assets of a primary fund and to avoid the various problems (many having to do with the timing of redemptions) that can affect investors in a commingled vehicle.  See, e.g., “Investors in Hedge Fund Strategies Increasingly Demanding Separate Accounts to Avoid Gates and Other Consequences of Commingled Investment Vehicles,” Hedge Fund Law Report, Vol. 2, No. 8 (Feb. 26, 2009); “Hedge Fund Managers Using Special Purpose Vehicles to Minimize Adverse Effects of Redemptions on Long-Term Investors,” Hedge Fund Law Report, Vol. 2, No. 15 (Apr. 16, 2009); “How Can Hedge Fund Managers Prevent or Mitigate Revocations of Redemption Requests?,” Hedge Fund Law Report, Vol. 2, No. 21 (May 27, 2009).  As a potentially attractive option for investors, managed accounts offer managers a method for attracting investor assets.  But the various investor and marketing benefits of managed accounts have to be balanced against the significant administrative burdens posed by managing separate accounts – including but not limited to accounting and allocation issues.  On September 17, 2009, GlobeOp Financial Services hosted the Managed Accounts Insights for Investors event in New York City.  During the one-day event, industry participants discussed such topics as structuring and negotiating managed account agreements, potential conflicts of interest and proper due diligence.  This article highlights and discusses the key points discussed at the conference.