{"id":9713,"date":"2026-09-03T09:28:05","date_gmt":"2026-09-03T13:28:05","guid":{"rendered":"https:\/\/devbeta.innocap.com\/?p=9713"},"modified":"2026-09-08T08:57:40","modified_gmt":"2026-09-08T12:57:40","slug":"sbai-podcast-separately-managed-accounts-customization-and-the-future-of-institutional-investing","status":"publish","type":"post","link":"https:\/\/devbeta.innocap.com\/en\/sbai-podcast-separately-managed-accounts-customization-and-the-future-of-institutional-investing\/","title":{"rendered":"SBAI Podcast: Separately Managed Accounts, Customization, and the Future of Institutional Investing"},"content":{"rendered":"

[vc_row css=”.vc_custom_1788872204186{margin-top: -1px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;background-color: #00529c !important;}”][vc_column css=”.vc_custom_1497265650805{padding-top: 20px !important;}”][vc_row_inner][vc_column_inner el_class=”type” width=”3\/4″][vc_custom_heading text=”Insight” font_container=”tag:h2|text_align:left|color:%23ffffff” use_theme_fonts=”yes” css=””][\/vc_column_inner][vc_column_inner width=”1\/4″][\/vc_column_inner][\/vc_row_inner][vc_row_inner disable_element=”yes”][vc_column_inner el_class=”type” width=”3\/4″][vc_custom_heading text=”Insight” font_container=”tag:h2|text_align:left|color:%23ffffff” use_theme_fonts=”yes” css=””][\/vc_column_inner][vc_column_inner width=”1\/4″][vc_btn title=”Read the PDF” style=”outline-custom” outline_custom_color=”#ffffff” outline_custom_hover_background=”#ffffff” outline_custom_hover_text=”#00529c” shape=”square” size=”sm” align=”right” i_icon_fontawesome=”far fa-file-pdf” add_icon=”true” link=”url:http%3A%2F%2Fdevbeta.innocap.com%2Fwp-content%2Fuploads%2Fdocuments%2FINNOCAP_press-release_2025-01-14.pdf|target:_blank”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1788872210142{margin-top: 0px !important;margin-right: 0px !important;margin-left: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;background-color: #00529c !important;}”][vc_column][vc_row_inner][vc_column_inner el_class=”fiche”][vc_custom_heading text=”SBAI Podcast with Joshua Kestler” font_container=”tag:h2|text_align:left|color:%23ffffff” use_theme_fonts=”yes” css=””][vc_custom_heading text=”September 3, 2026″ font_container=”tag:h4|text_align:left|color:%23ffffff” use_theme_fonts=”yes” css=””][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1788529429373{margin-bottom: 0px !important;}”]Joshua Kestler, President of Innocap, joins Brian Digney of the Standards Board for Alternative Investments to discuss how institutional allocators use Dedicated Managed Accounts (DMAs) to access hedge fund strategies.<\/p>\n

The conversation covers what separates a DMA from a separately managed account, and why alternative strategies using leverage and short selling need a limited liability vehicle rather than an account sitting on the allocator’s balance sheet.[\/vc_column_text][vc_raw_html css=”.vc_custom_1788871266744{margin-top: 0px !important;padding-top: 0px !important;}”]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[\/vc_raw_html][vc_column_text css=”.vc_custom_1788529413549{margin-bottom: 0px !important;}”]Josh explains how the market developed through three phases. Control and transparency became priorities after the 2008 financial crisis. Customization and the ability to negotiate terms drove adoption through the 2010s. Capital efficiency became a driver once borrowing stopped being close to free.<\/p>\n

He goes into what customization means in practice, from choice of legal entity and domicile through to ESG parameters and fee structures. He also covers how notional funding and cross-margining free up capital, and why treasury teams at pensions and sovereign funds now charge their own hedge fund desks for the firm’s capital. The conversation closes on which strategies suit the structure, which do not, and what allocation size makes one viable.<\/p>\n

Recorded for the SBAI Podcast, episode 24.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Innocap Investment Management Inc. (\u201cInnocap\u201d or \u201cthe Company\u201d), the leading Dedicated Managed Account platform offering institutional investors a superior way to access their alternatives portfolios, today announced a strategic growth investment from Bain Capital Tech Opportunities (\u201cBain Capital\u201d). This investment will advance Innocap\u2019s next stage of growth and further enhance its technology-enabled service model, helping institutional investors structure, access, and oversee alternative portfolios with greater transparency and efficiency. <\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[161,155,6],"tags":[],"class_list":["post-9713","post","type-post","status-publish","format-standard","hentry","category-insight","category-live","category-news"],"_links":{"self":[{"href":"https:\/\/devbeta.innocap.com\/en\/wp-json\/wp\/v2\/posts\/9713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/devbeta.innocap.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/devbeta.innocap.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/devbeta.innocap.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/devbeta.innocap.com\/en\/wp-json\/wp\/v2\/comments?post=9713"}],"version-history":[{"count":33,"href":"https:\/\/devbeta.innocap.com\/en\/wp-json\/wp\/v2\/posts\/9713\/revisions"}],"predecessor-version":[{"id":9768,"href":"https:\/\/devbeta.innocap.com\/en\/wp-json\/wp\/v2\/posts\/9713\/revisions\/9768"}],"wp:attachment":[{"href":"https:\/\/devbeta.innocap.com\/en\/wp-json\/wp\/v2\/media?parent=9713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/devbeta.innocap.com\/en\/wp-json\/wp\/v2\/categories?post=9713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/devbeta.innocap.com\/en\/wp-json\/wp\/v2\/tags?post=9713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}