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A managed portfolio, you find somebody you think is really smart and you pay them a fair amount of money and in return they assert that they will pick winners for you, and in fact, you will outperform the stock market.

而代管投资组合就是说，你找一个你觉得很聪明的人,给他们一些钱,然后他们会说一定会帮你选出,赚钱的股票，实际上你会比股市整体表现要好。

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U.S. Trust, established in 1853, has managed money for such illustrious names as Marshall Field and John Phelps.

FORBES: Achieving immortality via the family office

In the platinum metals group, managed money accounts trimmed bullish exposure here, too.

FORBES: FOCUS: Speculators Cut Positions Across The Board In Precious Metals -- CFTC

Managed money accounts trimmed their net-long position in gold, cutting 4, 094 gross longs and adding 1, 138 gross shorts, lowering the net-long position to 111, 919 contracts.

FORBES: FOCUS: Speculators Continue To Cut Exposure To Most Metals- CFTC