Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.
Friday, 2 December 2016
Last updated 53 min ago
Oct 4 2007 | 7:41am ET
One of South Africa’s biggest hedge fund firms is looking north, buying a majority stake in a much larger British hedge fund.
Peregrine Holdings has agreed to take a 65% stake in London-based Stenham Asset Management, which manages more than US$4 billion, half of which in funds of hedge funds.
Peregrine, which manages some 4.3 billion South African rand (US$620 million), is to pay £150 million (US$305 million) for the stake, and could increase its share of Stenham to 75%.
Stenham is no stranger to its new homeland: The firm has offices in Cape Town and Johannesburg, as well as the Channel Islands, the Netherlands, Israel and Switzerland.