Stenham Preps Two New Funds Of Hedge Funds

Jun 29 2007 | 11:18am ET

Stenham Asset Management is readying two funds of funds to be launched within the next few months. The $3.7 billion firm will launch a global resources fund of funds on Sept. 1, as well as a “best ideas” fund of funds product, slated for launch next quarter. The latter will invest in the firm’s own funds of funds.

The F3 offering will use the firm’s range of 10 funds of funds, with strategies including global macro, equity long/short and commodities. “We thought we could set up a fund of our funds of funds for people who didn’t want to go into our multi-strategy funds of funds, but weren’t quite large enough to go into discretionary accounts,” said Harry Wulfsohn, director.

Specifics about the vehicle’s name, initial capital and minimum investment requirement were still being ironed out at press time, according to Wulfsohn, who added that there will not be a third layer of fees charged to investors. 

Stenham’s global resources fund of funds is a mixture of directional indices, long-only and long/short managers, with a focus on managers trading soft commodities. “It won’t be 100% softs just because it is hard to find pure soft managers but it will definitely have a large weighting in that space,” Wulfsohn said. “It will have some industrial and oil exposure, and we’ll be mixing styles and territories to reduce volatility.”

Stenham launched a similar fund in 2003 dubbed the Gold Fund, which invests in long-only and long/short managers within the gold sector. The firm’s new resources offering has been running with proprietary capital of some $13 million for eight months and is currently invested in a $1.5 billion global long/short manager and a $800 million futures manage. It will invest in a mix of no more than eight emerging and established managers, according to Wulfsohn.

Stenham manages some $2.1 billion in hedge fund assets.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

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.