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- Related: Innocap CEO François Rivard on managed account growth, DIY multi-strat and ADIA deal
In this curated episode, AFI speaks to François Rivard, CEO at Montreal-based Innocap, the leading provider of dedicated managed accounts (DMAs) to the hedge fund industry with $85bn committed across 350 funds (as of start-2025).
The pair discuss the drivers of growth in managed accounts and explore the future for the sector. See the key talking points listed by timestamp below.
1:35 — Introduction to François Rivard and his role at Innocap.
3:05 — Explaining the difference between SMAs and DMAs (separately and dedicated managed accounts).
6:20 — What has driven huge recent increase in DMA market?
16:19 — Example of capital efficiency in practice.
19:55 — Focus on giving allocators choice.
20:52 — Different service providers now comfortable with the structures.
22:14 — Discussion of emerging manager trends and outlook.
25:25 — Emerging manager alpha.
26:12 — Strong outlook for hedge fund market going forward.
30:30 — Range of LPs driving this trend, no longer just the largest.
32:51 — Is this a global trend?
35:36 — How to use DMAs to drive portable alpha.
38:15 — Innocap priorities going forward.
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Headline 2025 series partner
This podcast is brought to you in association with Citco, the leading asset servicer with over $2 trillion of assets under administration (AUA) and the top hedge fund administrator according to the AFI 500 research ranking. Citco acts as a true partner to its clients, dedicated to developing rich long-term relationships through gold standard services and industry leading technology. Head to Citco.com for more information.