Monday, 27 April 2015
Last updated 17 min ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…