Funds of funds surge past $1 trillion

Thu Oct 4, 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 unds industry now manages more than $1 trillion in assets.

As the top 10...

ISSN: 2151-1845 / CDC10004H

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