InvestHedge Billion Dollar Club: Funds of funds with more than $1bn under management, 31 December 2013

March 10, 2014  

Ranking   Fund of hedge funds HQ AUM $bn 31/12/13 AUM $bn 01/01/13 Growth $bn % Growth
1 > Blackstone Alternative Asset Management US 54.29 45.19 9.11 20.15%
2 \ Mercer EU 37.70 35.60 2.10 5.90%
3 \ Cambridge Associates US 34.17 29.76 4.41 14.82%
4 v UBS Global Asset Management A&Q ‡ US 26.61 25.46 1.16 4.55%
5 v HSBC Alternative Investments EU 25.68 25.12 0.55 2.21%
6 v Goldman Sachs Asset Management ‡ US 24.98 22.89 2.09 9.12%
7 v Grosvenor Capital Management US 24.40 22.30 2.10 9.42%
8 v Morgan Stanley US 22.80 20.33 2.47 12.15%
9 v Permal Investment Management†¹ EU 22.23 18.31 3.92 21.39%
10 \ Towers Watson EU 21.00 20.20 0.80 3.96%
11 v BlackRock Alternative Advisors US 18.11 18.09 0.01 0.08%
12 v Pacific Alternative Asset Management Co. † US 15.72 14.83 0.89 6.01%
13 v Mesirow Advanced Strategies US 13.49 13.51 -0.02 -0.16%
14 v FRM† EU 13.23 16.69 -3.46 -20.71%
15 > Aetos Capital US 10.88 9.44 1.44 15.25%
16 v UBP Alternative Investments ‡ EU 10.73 11.89 -1.16 -9.74%
17 v JP Morgan Alternative Asset Management US 10.60 9.20 1.40 15.22%
18 > Prisma Capital Partners US 10.26 8.56 1.70 19.80%
19 ^ Entrust Capital US 9.93 7.86 2.08 26.44%
20 v K2 Advisors US 9.83 8.70 1.13 12.96%
21 ^ Rock Creek Group US 9.60 8.00 1.60 20.00%
22 ^ SkyBridge Capital US 9.53 7.11 2.43 34.13%
23 v Lyxor Asset Management ‡ EU 9.40 9.60 -0.20 -2.08%
24 v Aurora Investment Management US 9.29 9.95 -0.66 -6.61%
25 v BlueCrest Capital Management's AllBlue EU 8.80 8.70 0.10 1.15%
26 v Pictet & Cie EU 8.16 8.43 -0.26 -3.13%
27 v Crestline Investors US 7.74 7.28 0.46 6.32%
28 v The Capital Holdings Funds/E. de Rothschild Group EU 7.70 6.90 0.80 11.59%
29 \ AllianceBernstein US 7.62 5.00 2.62 52.47%
30 > Lighthouse Partners† US 7.60 6.50 1.10 16.92%
31 ^ Liongate Capital Management EU 7.30 1.90 5.40 284.21%
32 ^ Banca del Ceresio Group§ EU 7.14 5.84 1.30 22.26%
33 > LGT Capital Partners† EU 7.00 6.00 1.00 16.67%
34 v Diversified Global Asset Management US 6.81 6.10 0.72 11.78%
35 v Credit Suisse US 6.64 7.44 -0.80 -10.71%
36 v Amundi Alternative Investments ‡ EU 6.50 6.70 -0.20 -2.99%
37 \ Brummer & Partners Multi-Strategy Fund EU 6.40 5.10 1.30 25.49%
38 v Arden Asset Management US 6.10 6.90 -0.80 -11.59%
39 v GAM Multi-Manager* EU 5.89 5.89 0.00 0.00%
40 v Silver Creek Capital Management US 5.55 5.85 -0.30 -5.11%
41 v Gottex Fund Management* EU 5.30 6.77 -1.47 -21.71%
42 \ Brevan Howard Multi-Strategy Fund EU 5.09 4.60 0.49 10.64%
43 ^ Swiss Capital Alternative Investments EU 4.96 2.43 2.53 104.12%
44 v Axa Investment Managers EU 4.83 3.92 0.91 23.28%
45 ^ Hall Capital Partners** US 4.80 2.87 1.93 67.43%
46 v HFR Asset Management** US 4.67 4.48 0.19 4.28%
47 v Evanston Capital Management** US 4.57 4.30 0.27 6.18%
48 > ABS Investment Management US 4.38 3.56 0.82 23.06%
49 ^ Corbin Capital Partners US 3.93 3.17 0.77 24.18%
50 v Schroders NewFinance Capital*** EU 3.90 3.90 0.00 0.00%
51 v The Archstone Partnerships US 3.80 3.60 0.20 5.56%
52 v Common Sense Investment Management** US 3.80 3.20 0.60 18.63%
53 v Titan Advisors** US 3.62 3.19 0.43 13.49%
54 v EACM Advisors US 3.57 3.54 0.04 1.02%
55 v Magnitude Capital US 3.40 3.06 0.34 11.11%
56 v Mirabaud Asset Management§ EU 3.38 5.64 -2.26 -40.07%
57 v Private Advisors† US 3.08 2.71 0.37 13.63%
58 ^ Notz, Stucki & Cie§ EU 3.01 2.45 0.56 22.82%
59 v EIM EU 3.00 4.50 -1.50 -33.33%
60 ^ Ramius Alternative Solutions US 2.96 2.49 0.47 18.71%
61 v Abbey Capital EU 2.93 3.66 -0.74 -20.15%
62 v InvestCorp Asset Management² ME 2.84 2.91 -0.06 -2.17%
63 v Optima Fund Management US 2.82 2.90 -0.08 -2.76%
64 ^ Persistent Asset Management Asia 2.78 1.73 1.04 60.03%
65 v Hermes BPK Partners EU 2.59 2.51 0.07 2.99%
66 v Aberdeen Asset Management EU 2.49 3.94 -1.45 -36.87%
67 v Ironwood Capital Management** US 2.49 2.49 0.00 0.00%
68 ^ Seven Bridges Advisors** US 2.45 1.90 0.55 28.97%
69 ^ Advanced Portfolio Management** US 2.45 2.16 0.29 13.28%
70 ^ THEAM EU 2.37 1.74 0.63 35.92%
71 v Sciens Capital Management EU 2.36 2.68 -0.32 -11.93%
72 v Pinnacle Asset Management US 2.30 2.35 -0.05 -1.92%
73 ^ SAIL Advisors Asia 2.20 2.00 0.20 10.00%
74 v Northern Trust Global Investments US 2.17 2.04 0.14 6.75%
75 v Protégé Partners US 2.15 2.10 0.06 2.67%
76 v International Asset Management EU 2.15 2.20 -0.05 -2.19%
77 \ Prime Capital EU 2.11 1.81 0.30 16.57%
78 ^ Kairos Partners EU 2.10 1.86 0.24 12.90%
79 v Unigestion EU 2.09 2.50 -0.41 -16.57%
80 v SCS Financial* US 2.00 2.00 0.00 0.00%
81 \ Tages Capital* EU 2.00 2.00 0.00 0.00%
82 v NB Alternative Investment Management US 2.00 2.43 -0.43 -17.72%
83 v Harcourt Investment Consulting*** EU 1.94 2.12 -0.19 -8.82%
84 v Aurum Funds EU 1.92 1.95 -0.03 -1.54%
85 v Stenham Asset Management*** EU 1.91 2.17 -0.26 -11.88%
86 v 3A - Alternative Asset Advisors* EU 1.90 1.90 0.00 0.00%
87 v Thalia EU 1.80 1.70 0.11 6.27%
88 v Kenmar Olympia Group*** US 1.75 2.03 -0.29 -14.02%
89 v Ignis Asset Management* EU 1.69 1.84 -0.15 -8.19%
90 v Maverick Capital US 1.60 1.40 0.20 14.29%
91 > Saguenay Strathmore Capital US 1.43 1.42 0.01 0.71%
92 v Alternative Investment Group US 1.39 1.56 -0.17 -10.66%
93 v Rothschild HDF Investment Solutions EU 1.32 1.71 -0.39 -22.85%
94 v Meridian Capital Partners** US 1.31 1.59 -0.27 -17.12%
95 v EFG Capital Advisors** ³ US 1.31 1.31 0.00 0.00%
96 v Pioneer Alternative Investments EU 1.26 1.52 -0.26 -17.11%
97 v Antarctica Asset Management US 1.25 1.14 0.11 9.46%
98 \ TeamCo Advisers** US 1.25 1.25 0.00 0.00%
99 v Attalus Ca pital** US 1.24 2.65 -1.41 -53.21%
100 v Berens Capital Management US 1.18 1.06 0.12 11.26%
101 \ Fundana EU 1.18 0.83 0.34 41.40%
102 v Larch Lane Advisors** US 1.17 1.28 -0.11 -8.84%
103 \ Gapstow Capital Partners US 1.03 0.67 0.36 53.66%
104 v Dorchester Capital Advisors US 1.01 1.00 0.02 1.91%
105 v La Francaise Asset Management* EU 1.00 1.00 0.00 0.00%
    Total 2013 ****   727.93 676.27 51.66 7.59%

NOTE: The symbol  \ and bold denotes firms that are new to the InvestHedge Billion Dollar Club. The symbols ^(up) >(no change) v(down) indicate a firm's ranking relative its previous position in the table as at 1 January 2013   * Estimated numbers     ** From latest SEC Listing      *** 30 June 2013 figure      † Including MAP Assets     ‡ Excluding MAP Assets     [¹] Including Fauchier Partners assets   [²] Total hedge fund programme assets = $4.8bn   [³] Formerly PRS International Investment Advisory Service     **** Total adjusted by $4.2bn for Haussmann Holdings advisory club     § Adviser on $2.1bn Haussmann Holdings





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