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

Hedge Fund Veteran Peter Borish Talks Trading

Dec 17 2014 | 9:32am ET

Peter Borish says 2014 was “tricky” from a trading perspective. “The best...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.