Report
Separate Ways II: The SMA Playbook for 2026
How managers and allocators can navigate the next phase of SMA growth
Separately managed accounts (SMAs) are no longer a novelty; they鈥檙e a critical tool for raising institutional capital in 2026. But as adoption matures, execution and infrastructure now define success.
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SMAs remain popular, yet growth is now about operational quality, not just offering.
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Allocators want bespoke solutions, and managers must balance service with operational efficiency.
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Top-performing allocators leverage third-party support for reporting, analytics and data management.
This report explores what it takes for managers and allocators to thrive in a more disciplined SMA market.