A recent program presented by the Investment Management Due Diligence Association (IMDDA) examined the evolving use of managed account platforms (MAPs) and their providers (platform providers). The program covered the growth of MAPs and platform providers; their advantages and disadvantages; considerations when choosing a platform provider; and oversight of providers. Daniel Strachman, IMDDA’s co‑founder and managing director, moderated the discussion, which featured Abali Hoilett, co‑head, funds fiduciary, at Maples Group; and Benoit Sansoucy, vice president at Maples Group. This article reviews the key takeaways from the presentation. See our two-part series “Considerations for Hedge Fund Managers Looking to Join Managed Account Platforms”: Part One (Aug. 2, 2012); and Part Two (Aug. 9, 2012); as well as “Legal and Operational Due Diligence Best Practices for Hedge Fund Investors” (Jan. 5, 2012).