Top 50 Fund of Hedge Funds Groups

Philippa Aylmer, contributing editor to The Hedge Fund Journal, writes, “If the last decade could be described as the biggest credit party ever, then the end of 2008 brought the mother of all hangovers. The hedge fund industry took a beating along with much else in the financial services sector and funds of hedge funds felt their share of the pain.”

The Hedge Fund Journal's report of the “Global 50: Funds of Hedge Funds” shows the general decline in AUM in funds of hedge funds from September of 2008 to June 2009. With the market downturn and the uncovering of Madoff's $50 Billion ponzi scheme, funds of hedge funds had been hemorrhaging AUM in 2008 but have slowed the bleeding in the early part of 2009. Will the fund of hedge funds recover from their wounds by the end of this year, or will it take more time? We will have to wait and see.

Click here are the top 50 fund of hedge funds groups ranked by assets under management as of the end of June in 2009.