Hedge Fund Managed Accounts May 2011

Download the Special Report Hedge Fund Managed Accounts May 2011

Articles

London Eye

Managed account challenges for investors and service providers

By Simon Gray - Hedge fund managers may have long been reluctant to provide access to their services through managed accounts, but they are grateful to them now. With total assets in single-manager funds growing steadily past USD2trn, according to HFR, in the process leaving behind the previous high water mark from the second quarter of 2008, managed accounts represent a growing proportion of capital invested in the industry, even if assessing the precise level is a somewhat inexact science. »


Gabriel Bousbib, CEO, Gottex Solutions Services

Wider choice for hedge fund investment

By Gabriel Bousbib – We all know by now the key benefits and drawbacks of separate managed accounts. Properly set up and operated separate managed accounts – not to be confused with a ‘fund of one’ – provide independent asset verification and valuation, a stable financing environment, the ability by both investor and the manager to control inflows and outflows, and superior governance. »


Stefan Keller, head of managed account platform research and external relations, Lyxor Asset Management

Meeting investors’ transparency needs

By Stefan Keller – The hedge fund industry has just set a new record with more than USD2trn in assets under management, a recovery from the turbulence of 2008-09 that has been accompanied by a shift toward investment through managed accounts. Although this sector has become more competitive over the past couple of years with the entry of new providers into the market, Lyxor Asset Management continues to build on its strength of a platform provider, with 13 years of experience, more than 100 managed accounts and assets under management exceeding USD11bn as of April, including inflows of some USD1bn in the first quarter of 2011.  »


London crowd

Investor preferences drive managed account innovation

By Simon Gray – With the fourth anniversary approaching of the onset of the credit crunch and the crisis that rocked the hedge fund industry, the growth in investment through managed accounts has proved an enduring legacy of the mayhem of 2007 and 2008. But industry members say there is much greater appreciation today than a couple of years ago that there is not a simple choice for investors between pooled funds and managed accounts, and that a range of options exist depending on their attitudes toward cost and the key benefits they seek.  »


Tyler Kim, chief information officer, Maples Fund Services

Operating bespoke managed accounts

By Tyler Kim – In recent months, institutional investors have shown increased interest in the alpha-generating strategies associated with hedge funds. Capital inflows from pension plans, endowments and foundations are redefining the industry as these sophisticated investors seek to improve the way it operates. One trend is a shift toward investment through bespoke managed accounts as opposed to commingled funds. »


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