Stenham Buys Rival Fund Of Funds Montier

Sep 7 2010 | 9:59am ET

Stenham Asset Management is buying one of the oldest fund of hedge funds shops in Europe in a move that will increase its own assets under management by more than 10%.

The London-based fund of funds business of South Africa’s Peregrine Holdings will take over Montier Partners. Stenham did not say how much it would pay for its rival, which manages US$424 million.

The combined firm will boast US$3.5 billion in assets under management. Two Montier executives, including Dominique Montier, who founded the firm in 1966, will join Stenham’s management committee. Montier CEO Jeremy Alun-Jones will become group managing director; Stenham’s Kevin Arenson will remain chief investment officer. Both Montier and Alun-Jones will receive equity stakes in the combined firm.

Six other Montier employees—two analysts and four business development and client services team members—will also join Stenham.

Stenham plans to eventually rebrand Montier’s three funds of funds with the Stenham name.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of