Thu, Nov 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The probable rise of managed accounts (2) - Innocap sees greatest number of due diligence through Summer 2009

Thursday, August 20, 2009

From Kirsten Bischoff, Opalesque New York:

This is the second article of a four-part series.

Call it the calm before the storm. Managed accounts, which received so much attention in the months following the revelation of the Madoff fraud, have faded out of the news. However, this is due to the information gathering and due diligence procedures needed by large investors preparing to move portions (or all) of their hedge fund positions onto managed accounts.

"March and April is when we heard investors talking about managed accounts to increase transparency into hedge funds. What followed was a period of fact finding," Martin Gagnon, Co-CEO, Innocap Investment Management Inc told Opalesque. "We have never seen as many due diligence requests as we did during the months of May, June, and July."

The latest announcement in favor of managed accounts came in late July when Union Bancaire Prive (UBP) was reported to be restructuring much of its absolute return portfolio. The overhaul will include moving approximately 70% of hedge fund investments into managed accounts.

Such moves by institutional investors are evidence of the intricate network of operations that needs to be established in order to run a large managed account platform.

Montreal-based Innocap, which is owned by two large banks was established 13 years ago in July 1996. This backing allows the platform the resources to include relation......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed