Stenham Asset Management, which since 1988 has been constructing diversified hedge fund portfolios via managed accounts and funds of funds with an emphasis on downside protection, has reac
Stenham Asset Management, which since 1988 has been constructing diversified hedge fund portfolios via managed accounts and funds of funds with an emphasis on downside protection, has reached the milestone of USD2bn in funds under management.
Stenham, which attracts funds from international investors, including pension funds, insurance companies, financial institutions and family offices, currently offers a product range consisting of Pinnacle, a discretionary managed account service, and 10 funds of funds, comprising three multi-strategy, three global macro and three equity long/short funds as well as a gold fund.
‘Increasing our assets under management to more than USD2bn reflects the recognition by our investors that a professionally managed fund of hedge funds adds value to their portfolios,’ says Kevin Arenson, chief investment officer at Stenham Advisors. ‘In addition to our existing range, we will be launching a global resources fund in the second half of 2007.’
Adds Stenham director Harry Wulfsohn: ‘Our asset growth is increasingly from institutional investors who recognise that a combination of a long track record and a robust qualitative and quantitative due diligence process will continue to deliver strong performance uncorrelated to equities and bonds.’
Stenham, which traces its history dates back to 1901, has evolved into a broadly based wealth management business with offices in the UK, the Channel Islands, Luxembourg, Switzerland, the Netherlands, Israel and South Africa.
The group provides financial services and solutions for high net worth clients, family offices and institutions, specialising in alternative investments including absolute return strategies and commercial property. Stenham also offers other services including trust and consulting, business finance and a family office portfolio advisory service.