Wed, Oct 7, 2015
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with

  4. A hedge fund strategy that seems to have fizzled[more]

    From The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma

  5. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i