Alternative Fund Insight
Ep 44 - Innocap CEO François Rivard on how managed accounts are transforming the hedge fund industry
17 Sep 2025
Get 360-degree insights and agenda-setting research into hedge funds and multi-strategy with AFI membership. Email [email protected] for corporate discounts.Follow the latest developments via our LinkedIn page. Sign up to free AFI bulletins. Get a free weekly multi-strategy update.In this curated episode, Will interviews François Rivard, CEO at Montreal-based Innocap. Once a FoHF, Innocap is now the leading provider of dedicated managed accounts (DMAs) to the hedge fund industry with $85bn committed across 350 funds (as of start-'25). The pair discuss the drivers of growth in managed accounts and explore the future for the sector in this one-off episode. For more resources, check out:INTERVIEW: Innocap CEO François Rivard on managed account growth, DIY multi-strat and ADIA dealSPECIAL EDITION: Managed Account Intelligence, from AFIInnocap website1:35 — Introduction to Rivard and 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.*Not investment advice. Past performance is no guarantee of future returns*2025 headline partnerThis 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. Hosted on Acast. See acast.com/privacy for more information.
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