Before the credit crunch triggered global financial turmoil,
the first half of 2007 witnessed the single largest growth in
fund-of-hedge funds assets since our first survey was launched
in 2002. As a barometer for the growth of the global fund of
funds industry, the InvestHedge Billion Dollar Club survey
reveals that the universe of the largest players grew by 17.2%
(or more than $140 billion), more than double the increase in
total assets for the whole of 2005.
Funds of funds that manage a minimum of $1 billion in assets
now account collectively for almost $956 billion. This elite
category encompasses the top 147 firms out of a total universe
that, according to the InvestHedge database, has 559 management
companies running 2,565 products. Based on these statistics,
the overall global fund-of-funds industry now manages more than
$1 trillion in assets.
As the top 10 chart clearly shows, the...