Blackstone tops rankings as global funds of hedge funds industry resumes growth

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Says InvestHedge Billion Dollar FOHF Club survey

• The big players in funds of hedge funds gained approximately $29bn in assets in 2010 despite outflows in the first half of the year
• Firms with more than $1 billion in assets ended the year with a combined amount of $625 billion
• $226 billion is in the hands of the 10 largest FOHF managers
• 109 FOHF managers have $1 billion or more in AUM
• Blackstone Alternative Asset Management has emerged as the largest funds of funds group in the world

(London, 7 March 2011) - The global funds of hedge funds industry, as represented by the