2023 Top 25 Fund of Hedge Funds Overview
As of 2023, the 25 largest fund of funds collectively manage more than $539 billion in assets.
Willis Towers Watson, with $1288 billion USD in assets is the largest fund of hedge fund in the UK, as well as the world as a whole. Goldman Sachs Asset Management and Lighthouse Investment Partners, with $106 billion and $52 billion in AUM respectively, rank second and third among the biggest fund of funds.
64% of the largest fund of hedge funds managers are basedin the United States.
What are Fund of Hedge Funds?
A fund of hedge funds (FOF) is an investment vehicle that invests in other hedge funds. FOFs are typically used by investors who want to gain exposure to the hedge fund market without having to select individual hedge funds themselves. FOFs can provide a number of benefits to investors, including:
