Ranked by discretionary assets managed in hedge funds of funds and customized accounts, worldwide, in millions, as of June 30, 2017.
Rank
Manager
Assets
Change
from
2016
% of total AUM managed for institutions
1
Blackstone Alternative Asset Mgmt.
$72,476
5.6%
N/A
2
UBS Hedge Fund Solutions1
$36,213
5.7%
N/A
3
Goldman Sachs Asset Mgmt.
$29,156
6.3%
N/A
4
Grosvenor Capital Mgmt.
$25,948
4.2%
94.2%
5
EnTrustPermal
$24,416
-7.3%
80.3%
6
Morgan Stanley Investment Mgmt.
$23,327
8.2%
41.5%
7
BlackRock
$21,471
11.8%
89.3%
8
PAAMCO Prisma2
$17,881
-5.2%
98.8%
9
Man FRM
$16,200
36.1%
88.0%
10
J.P. Morgan Asset Mgmt.4
$13,100
8.8%
57.3%
11
Rock Creek
$12,900
11.2%
100.0%
12
Lyxor Asset Mgmt.3
$12,700
41.1%
90.0%
13
WIllis Towers Watson
$11,350
30.7%
100.0%
14
Aetos Alternatives Mgmt.
$10,886
6.0%
99.3%
15
Pictet Alternative Advisors
$9,925
N/A
20.3%
16
Mesirow Advanced Strategies
$9,830
-15.3%
95.1%
17
Lighthouse Investment Partners
$9,443
13.8%
84.0%
18
Mercer
$6,565
27.4%
89.6%
19
SkyBridge Capital
$6,485
-20.2%
32.3%
20
K2 Advisors5
$6,466
-4.0%
62.5%
21
Silver Creek Capital
$5,330
-7.0%
N/A
22
Corbin Capital Partners
$4,810
13.4%
68.8%
23
Neuberger Berman Group
$4,678
N/A
86.9%
24
Evanston Capital Mgmt.
$4,477
-10.0%
75.9%
25
Magnitude Capital
$3,941
4.1%
77.0%
26
Aon Hewitt
$3,782
N/A
100.0%
27
50 South Capital Advisors
$3,044
11.3%
34.2%
28
BNY Mellon Investment Mgmt.
$2,921
-0.3%
87.5%
29
Investcorp
$1,997
6.8%
100.0%
30
Russell Investments
$1,905
22.0%
100.0%
31
Meridian 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.