Blackstone hits $37bn as global funds of hedge funds industry continues recovery with assets now at $655bn


Says InvestHedge Billion Dollar FOHF Club survey

  • Fund of hedge fund firms with more than $1 billion in assets reached combined assets of $655 billion in the first half of 2011
  • The Billion Dollar Club gained a net $21 billion in the first half, a growth rate of 3.3%
  • There is now $238 billion is in the hands of the top 10 largest FoHF managers, which now includes PAAMCO
  • Blackstone, Grosvenor, BlackRock, Permal and Lyxor have all been in the top 10 for the whole of the last decade
  • There are now 108 funds of hedge fund management firms that run $1 billion or more
  • Blackstone continues to operate