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.
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