INTERACTIVE

The largest managers of hedge funds of funds

Ranked by discretionary assets managed in hedge funds of funds and customized accounts, worldwide, in millions, as of June 30, 2017.
RankManagerAssetsChange
from
2016
% of total AUM managed for institutions
1Blackstone Alternative Asset Mgmt. $72,476 5.6%N/A
2UBS Hedge Fund Solutions1$36,213 5.7%N/A
3Goldman Sachs Asset Mgmt.$29,1566.3%N/A
4Grosvenor Capital Mgmt.$25,948 4.2%94.2%
5EnTrustPermal$24,416 -7.3%80.3%
6 Morgan Stanley (MS) Investment Mgmt.$23,327 8.2%41.5%
7 BlackRock (BLK)$21,471 11.8%89.3%
8PAAMCO Prisma2$17,881 -5.2%98.8%
9Man FRM$16,200 36.1%88.0%
10J.P. Morgan Asset Mgmt.4$13,100 8.8%57.3%
11Rock Creek$12,900 11.2%100.0%
12Lyxor Asset Mgmt.3$12,700 41.1%90.0%
13WIllis Towers Watson$11,350 30.7%100.0%
14Aetos Alternatives Mgmt.$10,886 6.0%99.3%
15Pictet Alternative Advisors$9,925 N/A20.3%
16Mesirow Advanced Strategies$9,830 -15.3%95.1%
17Lighthouse Investment Partners$9,443 13.8%84.0%
18 Mercer$6,565 27.4%89.6%
19 SkyBridge Capital$6,485 -20.2%32.3%
20 K2 Advisors5$6,466 -4.0%62.5%
21Silver Creek Capital$5,330 -7.0%N/A
22 Corbin Capital Partners$4,810 13.4%68.8%
23 Neuberger Berman Group$4,678 N/A86.9%
24Evanston Capital Mgmt.$4,477 -10.0%75.9%
25Magnitude Capital$3,941 4.1%77.0%
26 Aon Hewitt $3,782 N/A100.0%
2750 South Capital Advisors$3,044 11.3%34.2%
28BNY Mellon Investment Mgmt.$2,921 -0.3%87.5%
29Investcorp$1,997 6.8%100.0%
30 Russell Investments$1,905 22.0%100.0%
31 Meridian Capital Partners$363 -16.4%47.7%
Notes: 1 Data as of July 1, 2017. 2 PAAMCO and KKR Prisma merged in early 2017. Data as of June 30, 2016, are the combined total of each firms' AUM as of that date for comparison. 3 Lyxor used a different methodology to calculate hedge funds-of-funds assets as of June 30, 2017; 2016 AUM has been restated for comparison. 4 J.P. Morgan's 2017 AUM excludes wealth management assets were included in the firm's 2016 P&I survey data. 2016 AUM has been restated for comparison. 5 K2 Advisors restated its 2016 AUM to exclude assets managed in mutual funds.
Source: Pensions & Investments survey