Stenham Launches Credit, Healthcares Funds Of Funds

Apr 19 2013 | 12:19pm ET

Stenham Asset Management has launched a pair of funds of hedge funds, focused on credit and healthcare.

The two vehicles debuted on Jan. 1 and have produced positive returns on the year, Stenham said. The Credit Opportunities Fund is up 3.44% and the Healthcare Fund 7.48%.

The former debuted with $21 million in initial assets and the latter with $15 million.

Tim Beck is the manager of the Credit Opportunities Fund, which will invest in between six and 10 underlying managers. It targets annualized returns of between 8% and 12%.

"The fund is focused on managers who can actively short and benefit from the asymmetry in credit; the fund will take more directional exposure in structured credit and selected distressed investments, including liquidations as well as opportunities from bank deleveraging," Beck said.

Like the credit fund, the Healthcare Fund, managed by Dominique Montier, will invest in up to 10 managers and target double-digit returns.

"From a valuation perspective, valuations are still at historically low levels," Montier said. "Our portfolio attempts to combine specialist healthcare managers with complementary skills in a way that should provide outsized returns and reduced volatility relative to the overall healthcare indices."


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

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.