Billion Dollar Club

Blackstone tops rankings as industry grows 3.3% in the first half

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Despite the drop since 2008, the original $1bn FoHF Club has added $350bn over the last decade, taking assets to more than $655bn

By Niki Natarajan

null The global fund of hedge fund industry, as represented by the largest players with more than $1 billion in assets, continues on its road to recovery. In the first six months of 2011, the industry has seen assets grow by 3.32% with the 108 biggest FoHF firms adding $21 billion. Despite six-month performance of the global FoHF industry for the year to 30 June 2011 being down 0.16%, the story is still of a slow but steady growth in assets, with Blackstone Alternative Asset Management once again leading the