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.

RankManagerAssetsChange

from

2011

Change

from

2008

1Blackstone Alternative Asset Mgmt.$41,40111.3%34.5%
2UBS Global Asset Mgmt. A&Q$25,553-17.1%-54.1%
3Goldman Sachs Asset Mgmt.$22,50010.3%-10.4%
4Grosvenor Capital Mgmt.$21,500-10.6%-15.2%
5BlackRock$18,530-0.4%-24.2%
6Permal Group$17,900-18.3%-49.6%
7Mesirow Advanced Strategies$13,893-3.0%-16.4%
8UBP-Nexar 1$12,200-18.7%-78.6%
9Morgan Stanley Inv. Mgmt.$11,88629.9%-29.6%
10Lyxor Asset Mgmt.$10,467-36.3%-46.6%
11Man Group $10,300-26.6%-66.6%
12Credit Suisse Asset Mgmt.$10,100-15.8%-66.6%
13Aurora Investment Mgmt.$9,910-10.7%-30.2%
14J.P. Morgan Asset Mgmt.$9,519-4.5%-11.1%
15K2 Advisors$9,133-12.2%23.3%
16Aetos Alternatives Mgmt.$8,72442.9%30.4%
17Pacific Alternative Asset Mgmt.$8,311-11.8%-23.9%
18Arden Asset Mgmt. 2$8,1001.9%-35.2%
19Morgan Creek Capital Mgmt.$8,100-11.9%N/A
20Prisma Capital Partners $7,75019.2%55.7%
21EnTrust Capital$7,50116.6%79.0%
22Rock Creek Group$7,5004.2%50.0%
23Towers Watson$7,305N/AN/A
24Gottex Fund Mgmt.$6,530-21.3%-55.4%
25Fauchier Partners $6,293-22.2%N/A
26GAM$6,232-23.8%-75.0%
27Lighthouse Inv. Partners$6,00015.4%-26.8%
28Silver Creek Capital Mgmt.$5,764-6.8%-36.7%
29EIM Group$5,000-29.6%-62.3%
30Crestline Investors 3$4,70011.9%-6.1%
31Evanston Capital Mgmt.$4,476-2.8%34.9%
32Strategic Investment Group$3,92130.7%12.6%
33EACM Advisors $3,453-8.0%N/A
34SkyBridge Capital $3,16914.9%N/A
35PineBridge Investments$3,072-16.6%-68.8%
36Investcorp Hedge Funds$2,990-19.2%-52.5%
37Mercer$2,9898.6%N/A
38Corbin Capital Partners$2,90011.5%-25.7%
39Neuberger Berman$2,782-29.8%-44.6%
40Ramius $2,649-23.8%-26.4%
41Liongate Capital Mgmt.$2,600-13.3%N/A
42Private Advisors$2,5990.9%N/A
43Protégé Partners$2,364-17.8%N/A
44SEI Investments $2,290-5.5%23.3%
45Diversified Global Asset Mgmt.$2,275N/AN/A
46International Asset Mgmt.$2,261-17.6%-46.0%
47Commonfund$2,054N/A-32.7%
48Alternative Inv. Group$1,6391.8%N/A
49Benchmark Plus Mgmt.$1,616-7.1%N/A
50Larch Lane Advisors $1,450-2.3%N/A
51Maverick Capital$1,300-7.1%N/A
52Northern Trust Global Investments$1,171-19.1%N/A
53Attalus 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.

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