MM Pods with separate entity names from Parent MM firm?

On Linkedin, I see a number of folks at the multimanager hedge funds. However, I see that they refer to themselves as "XXX management". Is there a difference between the pods with separate entity names vs the ones without? Something negotiated in their deal? 

6 Comments
 

Interested as well. I see some MMs seed independent PMs to form their own fund. I wonder how this is different from just working in the MM as a PM.

 

I've seen this with Millennium pods, but I'm not sure if there's any special distinction. Are there other MMs that have pods with separate names from the parent? 

 

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