INTERACTIVE
The largest managers of hedge funds of funds
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 (MS) Investment Mgmt. | $23,327 | 8.2% | 41.5% |
| 7 | BlackRock (BLK) | $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.
Source: Pensions & Investments survey
