abstract:A Segregated Fund or Seg Fund is a type of investment fund administered by Canadian insurance companies in the form of individual, variable life insurance contracts offering certain guarantees to the policyholder such as reimbursement of capital upon death.As required by law, these funds are fully segregated from the company's general investment funds, hence the eponym].
The Bitcoin sub-fund was incorporated as a Bermuda exempted company and is registered as a segregated account company receiving funds at Citibank London.
However, traditional fund management business, focusing on both mutual funds for retail clients and segregated accounts for institutions, have been regularly integrated into underwriting and brokerage firms over the years.
Additionally, for hedge funds firms who only want targeted transparency, information can be kept segregated in private portals and made available only to the investor, or only to multiple investors the fund allows.