The Top 15 Largest Hedge Fund of Funds

With over 432 hedge funds launched in 2022 alone, the universe of hedge funds continues to be very large bucket for allocator to wade through and pick the right style and manager.

As fund of funds differentiate themselves based on their skill of identifying, evaluating, and monitoring managers, they often have a large number of specialized analysts with an often global footprint.

Fund of funds are often able to invest early, move quicker, and allocate larger amounts than many other allocators and should be a key area of focus for every alternative strategy across its lifecycle. 

At Dakota, we’ve been raising capital within the fund of funds channel since 2006, and have raised over $30 billion dollars over the last fourteen years. In that time we’ve also established Dakota Marketplace, an institutional investor database of accounts and contacts that houses all of this information.

To help you narrow down the size of the channel, we’ve put together a list of the 15 largest fund of fund platforms that focus on hedge fund of fund strategies. By the end of this article, you will have a better idea of this class of alternatives channel, as well as who might be the right people for you and your team to call on.

1. SkyBridge Capital II

Fund of funs strategy: SkyBridge Multi-Adviser HF Portfolios G

Hedge fund type: Multi-strategy

Fund size: $4,980,000,000.00 

Location: New York, NY 

2. Pinnacle Asset Management

Fund of funs strategy: Pinnacle Natural Resources, L.P.

Hedge fund type: Macro/systematic 

Fund size: $2,295,000,000.00 

Location: New York, NY

3.  Veritable

Fund of funs strategy: Vittoria Fund LP 

Hedge fund type: Equity

Fund size: $1,977,445,299.00 

Location: Newtown, PA

4. ABS

Fund of funs strategy: ABS Emerging Markets Strategic Port, LP

Hedge fund type: Equity 

Fund size: $1,454,200,000.00 

Location: Greenwich, CT 

5. SCS Financial Services

Fund of funs strategy: SCS Capital Partners, LLC

Hedge fund type: Multi-strategy 

Fund size:  $1,230,747,665.00  

Location: Boston, MA

6. Alliance Bernstein

Fund of funs strategy: AllianceBernstein Multi-Manage Alter

Hedge fund type: Multi-strategy 

Fund size: $1,108,788,348.00 

Location: New York, NY

7. Ironwood Capital Management

Fund of funs strategy: Ironwood Partners L.P.

Hedge fund type: Multi-strategy 

Fund size: $1,045,000,000.00 

Location: San Francisco, CA

8. Ironwood Capital Management

Fund of funs strategy: Blue Rock Capital Fund L.P.

Hedge fund type: Equity

Fund size: $655,700,000.00 

Location: Wayzata, MN

9. Magnitude Capital

Fund of funs strategy: Magnitude US Partners

Hedge fund type: Multi-strategy

Fund size: $615,774,280.00 

Location: New York, NY

10. Morgan Stanley Alternative Investment Partners

Fund of funs strategy:Riverview Global Macro Fund LP

Hedge fund type: Macro/systematic 

Fund size: $580,000,000.00 

Location: West Conshohocken, PA

11. Lighthouse Partners

Fund of fund strategy: Lighthouse Global Long/Short Fund LP

Hedge fund type: Equity

Fund size:  $433,000,000.00 

Location: Palm Beach Gardens, FL

12. Lighthouse Partners

Fund of fund strategy: Lighthouse Diversified Fund LP

Hedge fund type: Multi-strategy 

Fund size: $349,000,000.00 

Location: Palm Beach Gardens, FL

13. Infinity Capital

Fund of fund strategy: Infinity Premier Fund, LP

Hedge fund type: Multi-strategy 

Fund size: $315,710,000.00 

Location: Atlanta, GA

14. Morgan Stanley Alternative Investment Partners

Fund of fund strategy: Riverview Premium Partners Fund II LP

Hedge fund type: Multi-strategy 

Fund size: $302,000,000.00 

Location: West Conshohocken, PA

15. Morgan Stanley Alternative Investment Partners

Fund of fund strategy: AIP Absolute Return Fund STS

Hedge fund type: HF Fund of Funds - Multi-strategy

Fund size: $296,698,098.00 

Location: West Conshohocken, PA

For more information on fund of funds, and to see each account in more detail, request a free trial of Dakota Marketplace!