Monday, 25 May 2015
Last updated 2 days ago
Sep 13 2011 | 1:47pm ET
The largest funds of hedge funds saw their assets under management rise by 3.3% in the first half, increasing their investments in their underlying managers by $21 billion.
Funds of hedge funds with at least $1 billion in assets now manage $655 billion, InvestHedge magazine reports. That's up from $595 billion after the first half of 2010, when fund of funds assets fell 0.6%.
Industry titans including the Blackstone Group, UBS and HSBC all posted billion-dollar-plus increases in the fund of funds assets. Blackstone Alternative Asset Management added $4.3 billion during the first half and now manages $37.2 billion, while UBS Global Asset Management's assets increased $3.3 billion to $30.8 billion and HSBC Alternative Investments' $1.8 billion to $29.8 billion.
"Performance counts," InvestHedge editor Niki Natarajan said. "Looking at the names of firms that have continued to do well, it is clear to see that while some of the industry is continuing to suffer a period of low self-esteem, there are still a good number of groups who know what their purpose is."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…