Blackstone tops rankings as global funds of hedge funds industry stalls at $595bn


Says InvestHedge Billion Dollar FOHF Club survey

• The funds of hedge funds industry lost a net $3.6 billion in assets during the first half of 2010, compared to $95 billion a year ago
• Firms with more than $1 billion in assets now manage a combined total of $595 billion
• $210 billion is in the hands of the 10 largest FOHF managers
• 106 funds of hedge fund management firms now control hedge fund assets of $1 billion or more
• Blackstone Alternative Asset Management emerges as largest funds of funds group in the world

(London, September 6, 2010)  - The global fund of hedge funds industry, as represented by the