September 16, 2013 01:00 AM

The largest hedge funds-of-funds managers

Ranked by assets managed worldwide in hedge funds of funds, in millions, as of June 30, 2013.

Rank	Manager	Assets	Change from 2012
1	Blackstone Alternative Asset Mgmt.	$49,006	18.4%
2	UBS	$25,434	-0.5%
3	Goldman Sachs Asset Mgmt.	$23,259	3.4%
4	Grosvenor Capital Mgmt.	$22,940	6.7%
5	Permal Group	$20,930	16.9%
6	BlackRock	$18,277	-1.4%
7	Man Group/FRM	$15,100	46.6%
8	Morgan Stanley Investment Mgmt.	$14,037	18.1%
9	Mesirow Advanced Strategies	$13,071	-5.9%
10	UBP Asset Mgmt.	$10,822	-11.3%
11	J.P. Morgan Asset Mgmt.	$10,555	10.9%
12	Aetos Alternatives Mgmt.	$10,487	20.2%
13	Aurora Investment Mgmt.	$9,606	-3.1%
14	K2 Advisors	$9,342	2.5%
15	Prisma Capital Partners/KKR	$9,100	17.4%
16	Lyxor Asset Mgmt.	$9,003	-14.0%
17	EnTrust	$8,832	17.7%
18	Pacific Alternative Asset Mgmt. Co.	$8,768	5.5%
19	Rock Creek Group	$8,300	10.7%
20	Towers Watson	$7,374	0.9%
21	Lighthouse Investment Partners	$6,900	15.0%
22	Credit Suisse*	$6,757	-18.7%
23	Arden Asset Mgmt.	$6,100	-24.7%
24	Silver Creek Capital Mgmt.	$5,627	-2.4%
25	Mercer	$5,502	84.1%
26	Crestline Investors	$5,320	13.2%
27	Strategic Investment Group	$5,043	28.6%
28	GAM	$5,000	-20.5%
29	SkyBridge Capital	$4,885	54.1%
30	Gottex Fund Mgmt.	$4,491	-31.2%
31	Evanston Capital Mgmt.	$4,469	-0.2%
32	E.I.M.	$3,783	-24.3%
33	Corbin Capital Partners	$3,632	25.2%
34	EACM Advisors	$3,512	1.7%
35	Ramius	$2,940	11.0%
36	Investcorp Hedge Funds	$2,581	-13.7%
37	Pinnacle Asset Mgmt.	$2,372	N/A
38	Diversified Global Asset Mgmt.	$2,321	2.0%
39	Commonfund	$2,109	2.7%
40	Northern Trust	$2,060	75.9%
41	Protégé Partners	$1,990	-15.8%
42	Neuberger Berman	$1,976	-29.0%
43	Russell Investments	$1,960	N/A
44	SEI Investments	$1,900	-17.0%
45	Stenham Asset Mgmt.	$1,888	N/A
46	Liongate Capital Mgmt.	$1,644	-36.8%
47	Alternative Investment Group	$1,383	-15.6%
48	Pine Grove Asset Mgmt.	$1,000	N/A
	Total	$403,388	7.2%
*2012 assets were restated.
Source: Pensions & Investments survey