Billion Dollar Club

Once titanic industry turns around to grow by 4.82%

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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