BNY Mellon Offers 130/30 Offering For U.K. Investors

Apr 15 2008 | 9:48am ET

U.K.-based Stenham Asset Management has added a Japanese Yen share class to its Stenham Multi-Strategy Fund complementing the existing U.S. dollar, euro and pound Sterling share classes.

The globally-diversified fund of hedge funds includes about 40 managers. Its dollar share class ended 2007 up 10.8%, and returned 7.9% during the the six months ending in February, a period of extreme market volatility, according to the firm.

“The launch of the JPY share class is in response to demand from our institutional clients looking to have exposure to this currency,” Kevin Arenson, chief investment officer of Stenham, said. “Over time we expect Asian currencies to re-value against Western currencies and for investors to benefit from this revaluation.”

The minimum investment in the multi-strategy fund is ¥5,000,000 (US$49,500) with monthly liquidity and no lock-up period.

Stenham currently manages some US$6.5 billion under management, of which US$2.5 billion is managed through its multi-manager hedge fund portfolios.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of