Double Your Money: The Fund-of-Funds 50

Assets have grown by 100 percent-plus at many of the firms leading our third annual ranking of the largest multimanager hedge fund firms.

Waves of institutional money are hitting the hedge fund market, and fund-of-hedge-funds managers are avidly shooting through the curls. Count Gottex Fund Management among them.

The Lausanne, Switzerlandbased firm, which launched a fund of hedge funds in 1999, caught the ride of its young life in 2003 -- once it was able to post a three-year performance record.

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