Saturday, 25 April 2015
Last updated 22 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…