September 19, 2016 01:00 AM

The largest managers of hedge funds of funds

Rank	Manager	Assets	Change from 2015
Ranked by discretionary assets managed in hedge funds of funds and customized accounts, worldwide, in millions, as of June 30, 2016.
1	Blackstone Alternative Asset Mgmt.	$68,650	2.1%
2	UBS Hedge Fund Solutions	$34,254	-0.8%
3	Goldman Sachs Asset Mgmt.	$27,429	-6.2%
4	EnTrustPermal	$26,340	111.4%
5	Grosvenor Capital Mgmt.	$24,900	-9.0%
6	Morgan Stanley Investment Mgmt.	$21,551	N/A
7	BlackRock	$19,200	-12.1%
8	J.P. Morgan Asset Management	$17,130	-7.9%
9	Man FRM Group	$11,900	5.3%
10	Mesirow Advanced Strategies	$11,604	-18.4%
11	Rock Creek Group	$11,600	6.4%
12	Aetos Alternatives Mgmt.	$10,270	-6.1%
26	KKR Prisma	$10,200	-2.9%
14	K2 Advisors	$9,162	-2.4%
15	Willis Towers Watson	$8,686	34.7%
16	Pacific Alternative Asset Mgmt.	$8,667	-10.1%
17	Lighthouse Investment Partners	$8,300	-3.5%
18	SkyBridge Capital II	$8,131	-13.7%
19	Lyxor Asset Mgmt.	$7,300	-5.2%
20	SEI Investments Mgmt.	$6,906	17.1%
21	Strategic Investment Group	$6,024	-6.1%
22	Silver Creek Capital Mgmt.	$5,731	11.5%
23	Mercer	$5,153	7.9%
24	Evanston Capital Mgmt.	$4,972	-10.2%
25	ABS Investment Mgmt.	$4,701	N/A
13	Aberdeen Asset Mgmt.	$4,351	-20.6%
27	Corbin Capital Partners	$4,243	-15.6%
28	Magnitude Capital	$3,784	1.5%
29	GAM	$3,165	-35.4%
30	Private Advisers	$2,995	-19.2%
31	BNY Mellon	$2,929	-15.1%
32	50 South Capital Advisors	$2,736	110.1%
33	Crestline Investors	$2,700	-53.0%
34	Commonfund	$1,878	-1.6%
35	Investcorp	$1,869	-0.3%
36	Mariner Investment Group	$1,688	N/A
37	Russell Investments	$1,561	-0.3%
38	Maverick Capital	$1,550	-15.8%
39	TeamCo Advisers	$1,300	N/A
40	Blue Rock Advisors	$984	N/A
41	Berens Capital Mgmt.*	$964	-10.1%
42	Meridian Capital Partners	$434	-25.2%
43	Appomattox Advisory*	$219	N/A
44	FQS Capital Partners	$110	N/A
*SEC ADV assets as of Dec. 31, 2015.
Source: Pensions & Investments survey, unless noted

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