Friday, 22 August 2014
Last updated 13 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note