Stenham Asset Management says Stenham Global Resources was ranked number eight in the Top 10 Performing Fund of Hedge Funds category for October 2010 by BarclayHedge.

Stenham Global Resources, a fund of hedge fund, focuses on commodity related sectors such as water, agriculture and soft commodities.

The long biased fund of hedge fund is a concentrated portfolio of ten to 15 managers with a target return of Libor plus six to eight per cent and volatility of eight to 11 per cent per year.

The fund was launched in 2006.

Jaspal Phull, portfolio manager, says: “Continued global demand for resources particularly from China, India and worldwide globalisation is likely to be a tailwind for commodity prices. Investing in global resources is a compelling investment opportunity due to growing energy demands from an ever-increasing population.”