Funds of Hedge Funds: Making a Comeback

According to the InvestHedge Billion Dollar FOHF Club survey in March 2011, funds of hedge funds with more than $1 billion in assets under management (AUM) gained approximately $29 billion in assets in 2010,  despite outflows in the first half of the year.  They ended the year with total assets $625 billion.  Of this figure, more than a third ($226 billion) is in the hands of the 10 largest funds.  Globally, there are 109 managers with $1 billion or more in AUM.  In the second half of 2010, AUM grew by 4.8% with the ten largest firms adding 9.6%.  Here is the list of the largest funds: