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 have reversed their asset decline, but the shape of the industry is changing. InvestHedge is lining up some of the industry’s