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