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 a very large bucket for allocators 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 a 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 any alternative strategy across its lifecycle. 

At Dakota, we’ve been raising capital within the fund of funds channel since 2006, and have raised $25 billion. 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-fund strategy: SkyBridge Multi-Adviser HF Portfolios G

Hedge fund type: Multi-strategy

Fund size: $4,980,000,000 

Location: New York, NY 

2. Pinnacle Asset Management

Fund-of-fund strategy: Pinnacle Natural Resources, L.P.

Hedge fund type: Macro/systematic 

Fund size: $2,295,000,000

Location: New York, NY

3. Veritable

Fund-of-fund strategy: Vittoria Fund LP 

Hedge fund type: Equity

Fund size: $1,977,445,299

Location: Newtown, PA

4. ABS

Fund-of-fund strategy: ABS Emerging Markets Strategic Port, LP

Hedge fund type: Equity 

Fund size: $1,454,200,000

Location: Greenwich, CT 

5. SCS Financial Services

Fund-of-fund strategy: SCS Capital Partners, LLC

Hedge fund type: Multi-strategy 

Fund size:  $1,230,747,665

Location: Boston, MA

6. Alliance Bernstein

Fund-of-fund strategy: AllianceBernstein Multi-Manage Alter

Hedge fund type: Multi-strategy 

Fund size: $1,108,788,348

Location: New York, NY

7. Ironwood Capital Management

Fund-of-fund strategy: Ironwood Partners L.P.

Hedge fund type: Multi-strategy 

Fund size: $1,045,000,000

Location: San Francisco, CA

8. Ironwood Capital Management

Fund-of-fund strategy: Blue Rock Capital Fund L.P.

Hedge fund type: Equity

Fund size: $655,700,000

Location: Wayzata, MN

9. Magnitude Capital

Fund-of-fund strategy: Magnitude US Partners

Hedge fund type: Multi-strategy

Fund size: $615,774,280

Location: New York, NY

10. Morgan Stanley Alternative Investment Partners

Fund-of-fund strategy:Riverview Global Macro Fund LP

Hedge fund type: Macro/systematic 

Fund size: $580,000,000

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

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

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

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

Location: West Conshohocken, PA

For more information on fund-of-funds and see each account in more detail, start your free trial of Dakota Marketplace!

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Written By: Gui Costin, Founder, CEO

Gui Costin is the Founder and CEO of Dakota.

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