tag:blogger.com,1999:blog-2568941354104807757.post8949023061804842132..comments2023-10-05T09:07:24.225-04:00Comments on Investment Performance Guy: Non-discretionary cash: what to do with itDave Spauldinghttp://www.blogger.com/profile/01777929408680234896noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2568941354104807757.post-18325392659347742732011-04-29T19:01:20.081-04:002011-04-29T19:01:20.081-04:00Thank you for the question. Interesting thought. I...Thank you for the question. Interesting thought. It is permitted to declare accounts non-discretionary if the presence of an asset is such that it impacts the manager's investment approach. If you did adopt this policy, then you would be required to employ it with every composite, which could be problematic. The beauty of a significant cash flow option is that you could apply it at the composite level. So although I agree that it is possible you could do this, I would recommend against it.Dave Spauldinghttps://www.blogger.com/profile/01777929408680234896noreply@blogger.comtag:blogger.com,1999:blog-2568941354104807757.post-65896149399945583952011-04-29T11:51:36.772-04:002011-04-29T11:51:36.772-04:00What is wrong with temporarily removing the accoun...What is wrong with temporarily removing the account from the composite but without adopting a significant cash flow policy? Couldn't you simply label the entire account as non-discretionary for the time needed to withdraw the cash, documenting the reason for non-discretion? Though this wouldn't avoid the problem you mentioned.Anonymousnoreply@blogger.com