By Niki Natarajan
The global fund of hedge fund industry, as
represented by the largest players with more than $1 billion in
assets, continues on its road to recovery. In the first six
months of 2011, the industry has seen assets grow by 3.32% with
the 108 biggest FoHF firms adding $21 billion. Despite
six-month performance of the global FoHF industry for the year
to 30 June 2011 being down 0.16%, the story is still of a slow
but steady growth in assets, with Blackstone Alternative Asset
Management once again leading the pack.
The global fund of hedge funds industry now has $655 billion
in assets at 30 June 2011, a growth of 10% compared to 30 June
2010, when 106 firms managed $595 billion, according to the
mid-year InvestHedge Billion Dollar FoHF survey. The industry
now is a similar size to what it was at the end...