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The Top 6 Hedge Fund of Funds

By: Manfred Kanther, Manager of Strategic Initiatives

One of the biggest challenges faced by alternative investment sales professionals within the fund of fund channel is knowing the underlying fund’s area of focus, and who to call on.

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 six largest fund of fund platforms that focus on hedge fund strategies. By the end of this article, you will have a better idea of the channel, as well as who might be the right people for you and your team to call on.

1. The Blackstone Group

  • AUM: $915B
  • Metro: New York, New York
  • Focus: Diversified 

2. Credit Suisse Alternative Fund Solutions 

  • AUM: $462B
  • Metro: New York, New York 
  • Focus: Diversified 

3. Blackrock Alternative Investors (BAI)

  • AUM: $330B 
  • Metro: New York, New York 
  • Focus: Diversified 

4. Man FRM

  • AUM: $151B
  • Metro: New York, New York 
  • Focus: Hedge Fund

5. GCM Grosvenor 

  • AUM: $65B
  • Metro: Chicago, Illinois 
  • Focus: Diversified

6. UBS (Hedge Funds Solutions Group & Multi-Manager Team)

  • AUM: $42B
  • Metro: Stamford, Connecticut
  • Focus: Diversified 

To find out more about these firms, or view the full list of Fund of Funds, we'd love to offer you a free trial of Dakota Marketplace.

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