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September 18, 2017 01:00 AM

The largest managers of hedge funds of funds

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    Ranked by discretionary assets managed in hedge funds of funds and customized accounts, worldwide, in millions, as of June 30, 2017.

    RankManagerAssetsChange

    from

    2016

    % of total AUM managed for institutions
    1Blackstone Alternative Asset Mgmt. $72,476 5.6%N/A
    2UBS Hedge Fund Solutions1$36,213 5.7%N/A
    3Goldman Sachs Asset Mgmt.$29,1566.3%N/A
    4Grosvenor Capital Mgmt.$25,948 4.2%94.2%
    5EnTrustPermal$24,416 -7.3%80.3%
    6Morgan Stanley Investment Mgmt.$23,327 8.2%41.5%
    7BlackRock$21,471 11.8%89.3%
    8PAAMCO Prisma2$17,881 -5.2%98.8%
    9Man FRM$16,200 36.1%88.0%
    10J.P. Morgan Asset Mgmt.4$13,100 8.8%57.3%
    11Rock Creek$12,900 11.2%100.0%
    12Lyxor Asset Mgmt.3$12,700 41.1%90.0%
    13WIllis Towers Watson$11,350 30.7%100.0%
    14Aetos Alternatives Mgmt.$10,886 6.0%99.3%
    15Pictet Alternative Advisors$9,925 N/A20.3%
    16Mesirow Advanced Strategies$9,830 -15.3%95.1%
    17Lighthouse Investment Partners$9,443 13.8%84.0%
    18Mercer$6,565 27.4%89.6%
    19SkyBridge Capital$6,485 -20.2%32.3%
    20K2 Advisors5$6,466 -4.0%62.5%
    21Silver Creek Capital$5,330 -7.0%N/A
    22Corbin Capital Partners$4,810 13.4%68.8%
    23Neuberger Berman Group$4,678 N/A86.9%
    24Evanston Capital Mgmt.$4,477 -10.0%75.9%
    25Magnitude Capital$3,941 4.1%77.0%
    26Aon Hewitt $3,782 N/A100.0%
    2750 South Capital Advisors$3,044 11.3%34.2%
    28BNY Mellon Investment Mgmt.$2,921 -0.3%87.5%
    29Investcorp$1,997 6.8%100.0%
    30Russell Investments$1,905 22.0%100.0%
    31Meridian Capital Partners$363 -16.4%47.7%

    Notes: 1 Data as of July 1, 2017. 2 PAAMCO and KKR Prisma merged in early 2017. Data as of June 30, 2016, are the combined total of each firms' AUM as of that date for comparison. 3 Lyxor used a different methodology to calculate hedge funds-of-funds assets as of June 30, 2017; 2016 AUM has been restated for comparison. 4 J.P. Morgan's 2017 AUM excludes wealth management assets were included in the firm's 2016 P&I survey data. 2016 AUM has been restated for comparison. 5 K2 Advisors restated its 2016 AUM to exclude assets managed in mutual funds.

    Source: Pensions & Investments survey

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