Friday, 22 August 2014
Last updated 57 min ago
Apr 1 2008 | 10:43am ET
U.K.-based Stenham Asset Management has launched the Stenham Global Resources Fund, a long-biased fund of hedge funds focusing on non-energy related sectors.
The fund, which has been operating internally since July 2006, is a concentrated portfolio of 10 to 15 underlying managers. In the six months ending February 2008, the fund returned 14.8%, according to the firm.
Kevin Arenson, CIO, said continued global demand for resources particularly from China and India, and the threat of global warming makes the Global Resources Fund a “compelling investment opportunity.”
“Water has been cited as the single biggest impediment to China's long-term success,” said Arenson. “Whilst China is the most obvious example of a pressing water need, India and other mostly Asian markets are not far behind and are expected to make similar massive investments.”
The fund’s minimum investment is US$25,000 with monthly liquidity and no lock up period. It is also offered in the pound Sterling and Euro share class.
Stenham currently manages some US$6.5 billion, of which US$2.5 billion is managed through its multi-manager hedge fund portfolios while US$4 billion represents the market value of the properties in which Stenham is invested.
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