Biggest Funds Of Hedge Funds Add Assets

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."


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...