As investors want greater customization of their hedge fund investments, more managers are offering separately managed accounts (SMAs), a new study by Seward & Kissel found.
According to Seward & Kissel’s first-ever SMA Snapshot Report, in 45% of the SMAs studied, managers deviated from the investment strategy of their flagship hedge funds to accommodate investor mandates around ESG considerations, exposure to privates, cryptocurrency, and digital assets, as well as other issues.
“The demand by investors for specific terms and strategy exposure is substantial, and only growing, which has been a large contributor to . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators