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The Fund of Funds 50: Survival of the Biggest
Funds of hedge funds are finding that bigger is indeed better, as the largest firms have the tools necessary to adapt and survive.
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When it comes to funds of hedge funds, one name is practically synonymous with the industry — Blackstone Group. That's in part because of its colossal size: As of year-end 2012, Blackstone Alternative Asset Management, the fund-of-hedge-funds arm of the $218 billion alternative investment firm, had $44 billion in assets. That is almost
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