Managed account platforms shift to infrastructure model to meet investor customisation requirements

Changing model

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At first glance it appears as if hedge fund managed account platforms (MAPs) are having another stellar year.

A study of the industry conducted by Hedge Funds Review reveals assets invested in the 15 largest MAPs grew 15.9% in the 12 months to the end of June 2012.

The $10 billion increase takes total assets invested in these platforms to $72.8 billion from $62.8 billion last June.

Yet the headline figures mask a more complex story of an industry in transition.

Demand for managed accounts among high