The largest funds of hedge funds in the world now manage collective assets of $625 billion. Despite press reports describing an industry in crisis, the global funds of hedge funds industry actually grew by 4.8% in 2010, exactly in line with average performance for the year that was up 4.86%.
Further details about the growth of the industry will be published in the InvestHedge Billion Dollar FoHF Club ranking in March.
Global funds of hedge funds may...