This Report analyzes the state of the SMA environment, including strategies, termination rights, MFN provisions and more, within the hedge fund market over a twelve month period from Fall 2023 – Fall 2024.

This Report analyzes the state of the SMA environment, including strategies, termination rights, MFN provisions and more, within the hedge fund market over a twelve month period from Fall 2022 – Fall 2023.

This Report analyzes the state of the SMA environment, including strategies, termination rights, MFN provisions and more, within the hedge fund market over a twelve month period from Fall 2021 – Fall 2022.

This Report analyzes the state of the SMA environment, including strategies, termination rights, MFN provisions and more, within the hedge fund market over a twelve month period from Fall 2020 – Fall 2021.