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| RANK | Fund | assets |
| 1 | Selectinvest Arbitrage/Relative Value (Series QN) | $3,100 |
| 2 | GAM Diversity | $2,932 |
| 3 | Arden Endowment Advisers | $2,638 |
| 4 | Mesirow Alternative Strategies | $2,530 |
| 5 | Aurora Offshore | $2,470 |
| 6 | JPMorgan Multi-Strategy | $2,206 |
| 7 | Ivy Rosewood Offshore | $2,120 |
| 8 | Man-Glenwood Multi-Strategy | $2,080 |
| 9 | Haussmann Holdings | $2,000 |
| 10 | Comas I | $1,960 |
| 11 | Oxford Alternative A | $1,874 |
| 12 | Silver Creek Low Vol | $1,823 |
| 13 | JPMorgan Multi-Strategy II | $1,795 |
| 14 | Coast Diversified | $1,656 |
| 15 | Aurora Limited Partnership | $1,483 |
| 16 | Topiary Trust | $1,427 |
| 17 | Arden Institutional Advisers | $1,420 |
| 18 | RMF Absolute Return I | $1,406 |
| 19 | Permal Investment Holdings A | $1,400 |
| 20 | Permal FX, Financial & Futures | $1,400 |
| 21 | Sphinx Fund | $1,352 |
| 22 | Optimal Strategic U.S. Equity | $1,314 |
| 23 | Maplewood Associates II | $1,269 |
| 24 | GAM Diversity II (U.S.) | $1,266 |
| 25 | Mesirow Equity Opportunity | $1,240 |
| 26 | Lighthouse Diversified | $1,215 |
| 27 | Silver Creek Long/Short | $1,172 |
| 28 | Ironwood Partners | $1,096 |
| 29 | Ironwood International | $1,096 |
| 30 | Mesirow Event | $1,073 |
| 31 | Meridian Horizon | $1,069 |
| 32 | Momentum AllWeather | $1,032 |
| 33 | Optimal Arbitrage | $970 |
| 34 | Mesirow Distressed | $911 |
| 35 | Meridian Diversified | $911 |
| 36 | The Defenders Fund | $852 |
| 37 | Private Advisors Stable Value | $846 |
| 38 | Aurora Offshore II | $817 |
| 39 | Edison Fund D | $778 |
| 40 | Fairfield Investment | $732 |
| 41 | Optima Multi-Strategy Composite | $721 |
| 42 | Innovation Fund | $719 |
| 43 | Leveraged Capital Holdings | $708 |
| 44 | Absolute Alpha PCC Opportunistic (U.S.) | $706 |
| 45 | Selectinvest Arbitrage/Relative Value | $700 |
| 46 | Pine Grove Offshore | $672 |
| 47 | UEB Arbitrage Portfolio (U.S.) | $615 |
| 48 | Oxford Alternative E | $610 |
| 49 | Permal Global High Yield A | $607 |
| 50 | Hemisphere Defensive (U.S.) | $588 |
