Details

Service: Audit, Tax, Advisory
Industry: Investment Management, Financial Services
Type: White paper
Date: 10/18/2012

Hedge Fund Managed Account Platforms: Evolution to Flexibility

There has been a spur in the growth of Hedge fund Managed Account Platforms (MAP) recently as an implication of financial crisis and demand for liquidity and portfolio transparency by institutional investors. This publication traces the evolution of MAPs till now and how their role will shape up in future.

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Hedge fund Managed Account Platforms (MAP) have origins in the investment banking world where they were created to support investment banks’ structured product offerings to institutional investors. Certain events related to the global financial crisis (such as the failure of Lehman Brothers, illiquid markets and the fraud at Madoff ) spurred growth in these legacy MAPs, as well as new entrants, due to the desire by institutional investors for liquidity and portfolio transparency. The increasing desire by institutional investors to utilize MAPs for hedge fund portfolios, combined with the increasing number of hedge fund managers joining MAPs, has resulted in substantial growth for the industry.

© 2013 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.