Stenham Asset Management has expanded its investment team with the acquisition of Montier Partners, a discretionary investment management provider.
The deal was completed on 1 September 2010.
Dominique Montier, founder of Montier Partners, with 33 years’ investment experience, and Jeremy Alun-Jones, chief investment officer of Montier Partners with 26 years’ investment experience, will join Stenham’s investment committee, which will now comprise nine investment professionals.
Alun-Jones will assume the role of managing director, which will allow Kevin Arenson, currently managing director and chief investment officer, to focus exclusively on investment management and risk control.
The rest of the Montier team joining Stenham include two senior research analysts and four business development/client service professionals.
Montier Partners was founded in 1996 to act as an investment adviser to its sister company Montier Guernsey, which manages diversified hedge fund portfolios for family offices and institutions. Total assets are over USD400m, bringing Stenham Asset Management’s total assets under management to USD3.5bn.
Arenson says: “We have, for some time now, been contemplating the separation of the roles of managing director and chief investment officer at Stenham to allow me to concentrate exclusively on managing the Stenham portfolios together with the investment committee. The attraction of Montier was that it provided us with a highly suitable candidate for the position of managing director of Stenham Asset Management, expanded the current business development team and simultaneously augmented the investment team both at an operational and investment committee level.”
Montier adds: “Stenham has its origins as a manager of family money like Montier and this means that at our core, we share the same values in terms of investment philosophy and risk control. I am looking forward to playing an active role in assessing future investments and looking after my clients’ assets for many years to come.”
