Top 25 Fund of Hedge Funds – 2021
The 25 largestfund of hedge funds manage $244 billion in assets as of early 2021. 64% of the top FoFs are based in the United States. 12% of the largest fund of hedge funds are based in Switzerland.
With $106 billion in AUM, GOldman Sachs Asset Management is the largest fund manager operating fund of funds strategies in 2021. Lighthouse Investment Partners and Pictet Alternatives rank two and three, respectively, among the biggest fund of hedge funds.
Fund of hedge funds (FoHF), also known as fund of funds (FoF) or multi-manager investments, create portfolios of other hedge funds, rather than investing directly in stocks, bonds, or commodities.
The below list of top fund of funds includes hedge fund companies operating at least one fund of hedge funds portfolio.
Top 25 Fund of Hedge Funds – 2021
Ranked by assets under management (AUM). Click any column to sort. Fund names link to detailed profiles.
| Rank | Fund Name | City | Country | AUM | Strategy |
|---|---|---|---|---|---|
| 1.0 | Goldman Sachs Asset Management | New York | United States | 106,240.0 | Multi Strategy, Fund of Funds |
| 2.0 | Lighthouse Investment Partners | Palm Beach Gardens | United States | 45,574.5 | Fund of Funds, Long/Short, Managed Futures |
| 3.0 | Pictet Alternative Investments | Geneva | Switzerland | 31,715.0 | Fund of Funds |
| 4.0 | Neuberger Berman | New York | United States | 15,900.0 | Fund of Funds |
| 5.0 | Horsley Bridge Partners | San Francisco | United States | 15,812.0 | Private Equity, Fund of Funds |
| 6.0 | Amundi Alternative Investments | Paris | France | 6,580.0 | Fund of Funds, Long/Short |
| 7.0 | Credit Suisse Alternatives | Zurich | Switzerland | 2,959.5 | Fund of Funds |
| 8.0 | Prisma Capital Partners | New York | United States | 2,938.7 | Fund of Funds |
| 9.0 | Olympia Capital Management | New York | United States | 2,100.0 | Fund of Funds |
| 10.0 | Aetos Capital | Menlo Park | United States | 1,951.2 | Fund of Funds, Absolute Returns |
| 11.0 | Park Street Capital Advisors | Boston | United States | 1,620.8 | Fund of Funds |
| 12.0 | Adamas Partners | Boston | United States | 1,332.0 | Fund of Funds, Absolute Returns |
| 13.0 | Lombard Odier Darier Hentsch & Cie | Petit-Lancy | Switzerland | 1,227.9 | Fund of Funds, Multi Strategy |
| 14.0 | Aether Investment Partners | Denver | United States | 1,222.8 | Real Estate, Commodities, Fund of Funds |
| 15.0 | AlphaCat Managers | Pembroke | Bermuda | 1,023.6 | Fund of Funds |
| 16.0 | Barings | London | United Kingdom | 914.2 | Fund of Funds, Multi Strategy |
| 17.0 | Seminole Management Company | New York | United States | 855.3 | Fund of Funds |
| 18.0 | Pacific Alternative Asset Management | Irvine | United States | 824.9 | Fund of Funds, Arbitrage, Convertibles |
| 19.0 | Gordian Capital | Singapore | Singapore | 688.5 | Fund of Funds, Long/Short, Global Macro, Real Estate |
| 20.0 | Knightsbridge | Cambridge | United States | 579.9 | Fund of Funds |
| 21.0 | Harvest Capital Strategies | San Francisco | United States | 569.6 | Fund of Funds, Multi Strategy |
| 22.0 | Lyxor Asset Management | Paris | France | 459.3 | Convertibles, Long/Short, Distressed Assets, Fund of Funds |
| 23.0 | HSBC Alternative Investments | London | United Kingdom | 425.2 | Multi Strategy, Global Macro, Emerging Markets, Fund of Funds |
| 24.0 | Entrust Permal | New York | United States | 391.0 | Fund of Funds, Long/Short |
| 25.0 | Crestline Investors | Fort Worth | United States | 377.2 | Fund of Funds, Event Driven |
Key Statistics
- The 25 largestfund of hedge funds manage $244 billion in assets as of early 2021. 64% of the top FoFs are based in the United States. 12% of the largest fund of hedge funds are based in Switzerland.
- With $106 billion in AUM, GOldman Sachs Asset Management is the largest fund manager operating fund of funds strategies in 2021. Lighthouse Investment Partners and Pictet Alternatives rank two and three, respectively, among the biggest fund of hedge funds.
- 3 of the top 25 fund of hedge funds for 2021 are based in Switzerland
- 6 of the 25 largest fund of funds for 2021 are based in New York
- The top 25 fund of hedge fund companies have $244.3 billion USD in assets under management (AUM)
- The average AUM of the top 25 FoHFs for 2021 is $9.8 billion USD
- The median AUM of the top 25 fund of funds for 2021 is $1.3 billion USD
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