Funds of funds surge past $1 trillion

Wed Sep 26, 2007



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...

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