thanks buffett,"managed on behalf of some other equity"did you...

thanks buffett,

"managed on behalf of some other equity"
did you mean entity, and not equity?
sounds strange to me.

the way i see it, nominee companies are still answerable to their parent company,
the parent company is affected by the state of their subsidary.

anyway i know that a party can own shares and make an undisclosed agreement with another party to register them under thier name.
finding out who really owns the shares can become murky and misleading, if not totally obscured.

am suspicious that the banks might still exert some form of control over these holdings.

"custodian"
now where have i heard that term before?
i think it might have being in an article relating to opes and shorting.