Tuesday, 13 October 2015
Last updated 6 hours ago
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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…