September 17, 2012 01:00 AM

Table: The largest hedge funds-of-funds managers

Ranked by assets managed worldwide in hedge funds of funds, in millions, as of June 30, 2012.

Rank	Manager	Assets	Change from 2011	Change from 2008
1	Blackstone Alternative Asset Mgmt.	$41,401	11.3%	34.5%
2	UBS Global Asset Mgmt. A&Q	$25,553	-17.1%	-54.1%
3	Goldman Sachs Asset Mgmt.	$22,500	10.3%	-10.4%
4	Grosvenor Capital Mgmt.	$21,500	-10.6%	-15.2%
5	BlackRock	$18,530	-0.4%	-24.2%
6	Permal Group	$17,900	-18.3%	-49.6%
7	Mesirow Advanced Strategies	$13,893	-3.0%	-16.4%
8	UBP-Nexar 1	$12,200	-18.7%	-78.6%
9	Morgan Stanley Inv. Mgmt.	$11,886	29.9%	-29.6%
10	Lyxor Asset Mgmt.	$10,467	-36.3%	-46.6%
11	Man Group	$10,300	-26.6%	-66.6%
12	Credit Suisse Asset Mgmt.	$10,100	-15.8%	-66.6%
13	Aurora Investment Mgmt.	$9,910	-10.7%	-30.2%
14	J.P. Morgan Asset Mgmt.	$9,519	-4.5%	-11.1%
15	K2 Advisors	$9,133	-12.2%	23.3%
16	Aetos Alternatives Mgmt.	$8,724	42.9%	30.4%
17	Pacific Alternative Asset Mgmt.	$8,311	-11.8%	-23.9%
18	Arden Asset Mgmt. 2	$8,100	1.9%	-35.2%
19	Morgan Creek Capital Mgmt.	$8,100	-11.9%	N/A
20	Prisma Capital Partners	$7,750	19.2%	55.7%
21	EnTrust Capital	$7,501	16.6%	79.0%
22	Rock Creek Group	$7,500	4.2%	50.0%
23	Towers Watson	$7,305	N/A	N/A
24	Gottex Fund Mgmt.	$6,530	-21.3%	-55.4%
25	Fauchier Partners	$6,293	-22.2%	N/A
26	GAM	$6,232	-23.8%	-75.0%
27	Lighthouse Inv. Partners	$6,000	15.4%	-26.8%
28	Silver Creek Capital Mgmt.	$5,764	-6.8%	-36.7%
29	EIM Group	$5,000	-29.6%	-62.3%
30	Crestline Investors 3	$4,700	11.9%	-6.1%
31	Evanston Capital Mgmt.	$4,476	-2.8%	34.9%
32	Strategic Investment Group	$3,921	30.7%	12.6%
33	EACM Advisors	$3,453	-8.0%	N/A
34	SkyBridge Capital	$3,169	14.9%	N/A
35	PineBridge Investments	$3,072	-16.6%	-68.8%
36	Investcorp Hedge Funds	$2,990	-19.2%	-52.5%
37	Mercer	$2,989	8.6%	N/A
38	Corbin Capital Partners	$2,900	11.5%	-25.7%
39	Neuberger Berman	$2,782	-29.8%	-44.6%
40	Ramius	$2,649	-23.8%	-26.4%
41	Liongate Capital Mgmt.	$2,600	-13.3%	N/A
42	Private Advisors	$2,599	0.9%	N/A
43	Protégé Partners	$2,364	-17.8%	N/A
44	SEI Investments	$2,290	-5.5%	23.3%
45	Diversified Global Asset Mgmt.	$2,275	N/A	N/A
46	International Asset Mgmt.	$2,261	-17.6%	-46.0%
47	Commonfund	$2,054	N/A	-32.7%
48	Alternative Inv. Group	$1,639	1.8%	N/A
49	Benchmark Plus Mgmt.	$1,616	-7.1%	N/A
50	Larch Lane Advisors	$1,450	-2.3%	N/A
51	Maverick Capital	$1,300	-7.1%	N/A
52	Northern Trust Global Investments	$1,171	-19.1%	N/A
53	Attalus Capital	$1,071	-49.9%	-64.9%
	Total	$405,692	-6.2%	-32.4%
1: 2012 figure includes assets from Nexar Capital Group, acquired in 2012, for comparison.
2: 2008 figure includes assets from Robeco-Sage, acquired in 2011, for comparison.
3: 2008 figure includes assets from Northwater Capital Mgmt., acquired in 2009, for comparison.
Source: P&I survey unless otherwise noted.