Bloomberg News

Stenham Asset Management Starts $36 Million Global Macro Fund

January 09, 2012

Jan. 9 (Bloomberg) -- Stenham Asset Management, a London- based investment-management company that oversees $2.7 billion, started Stenham Helix, a global fund-of-hedge-funds.

The $36 million fund, which will invest in fixed-income, equities, commodities and currencies, requires a minimum investment of $25,000, according to a statement on Jan. 6. Participants can exit the fund with 35 days’ notice, compared with as much as 95 days for some of its other funds.

“Clients have a big appetite for global macro,” Javier Uribarren, the London-based investment director at Stenham Advisors Plc, said in a phone interview. “It’s been one of the strategies that has, historically, outperformed at times of market stress.”

The fund has a target return of 5 percent to 6 percent more than the London interbank offered rate, or Libor.

--Editor: Paul Armstrong

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus