Top managed account platforms 2021

HedgeMark extends lead ahead of Innocap takeover

BNY Mellon’s HedgeMark grew its lead as the top managed account platform provider last year, increasing assets under management by more than a third to $40.5bn. HedgeMark, which is being acquired by Innocap Investment Management, has topped the list since 2019 when the methodology was adapted. The eight-strong list oversaw assets worth $117.4bn at the end of 2021, a 26% increase, demonstrating a strong industry demand for managed account products during the global pandemic. The annual asset increase outstrips the 10.5% performance gain posted by the average hedge fund last year.

Canada-based Innocap announced the HedgeMark takeover in February and it is subject to regulatory approval. BNY Mellon will keep a minority share. All eight constituents on the list grew platform assets in 2021. Paris-based Lyxor Asset Management in second place increased assets by $4bn to $26.9bn, putting it $13.6bn behind. Man FRM grew by $1.9bn to $21.5bn in third. 


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