Lasting POA/discretionary fund mgt

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I understand the need to include the following statement in my POA : “ My attorneys may transfer my investments into a discretionary management scheme. Or, if I already had investments in a discretionary management scheme before I lost capacity to make financial decisions, I want the scheme to continue. I understand in both cases that managers of the scheme will make investment decisions and my investments will be held in their names or the names of their nominees”. Can somebody please explain, in the final sentence, “…my investments will be held in their names or the names of the nominees.”? Thank you.
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