Once titanic industry turns around to grow by 4.82%

Thu Mar 3, 2011

Global funds of hedge funds grew to $625 billion in 2010 as M&A activity is set to snowball consolidations

For the full Billion Dollar FoHF Club listing, please click here

By Niki Natarajan

The once Titanic global funds of funds industry, as represented by the largest players with more than $1 billion in assets, has turned its ship around in 2010. Despite returns of only 4.86% and what is still a hostile asset-raising environment, the fund of funds with more than $1 billion in assets grew by 4.82%, proving that the haemorrhaging of assets has finally stopped.

Overall, the InvestHedge Billion Dollar FoHF Club added nearly $29 billion in either new assets or performance, proving that the industry is finally ready to move forward.

The 109 firms that now represent the largest in the global funds of funds industry manage collectively $624.9 billion, which is 36% less assets — equivalent to $980 billion — than the same universe ran at its peak at the end of 2007. The...

ISSN: 2151-1845 / CDC10004H

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates

Popular Searches on HFI