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Article: Infovest21 Research Report: Managed Account Platforms Represent 2-4% of Hedge Fund Industry Assets - and Growing.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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2008 was a notorious year for hedge funds with negative absolute performance, liquidity problems, style drift and manager fraud. As a result, investors are demanding more control, transparency, liquidity, due diligence and in some cases, customization. They want a safer way to invest with hedge funds.
Against this backdrop, managed account platforms are being set up and further developed to respond to clients' needs. Banking groups, asset management groups, funds of funds, independent stand-alone organizations and service providers are the most active groups developing platforms.
Estimates are that about 20 platforms now exist, representing about $30-50 ...