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
The week on Risk.net, August 4–10Receive this by email