Sun, Mar 26, 2017
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He