Hedge Fund Investment Specialist Sets up UCITS-Compliant Macro Fund of FundsStenham Asset Management, a hedge fund investment specialist and investment advice to sophisticated investors, has launched a UCITS-compliant macro fund of funds.
Domiciled in Dublin, the Stenham UCITS Macro Fund is the group’s second UCITS vehicle, following the 2013 launch of its Equity UCITS Fund.
Managed by Akshay Krishnan and Kevin Arenson, the new fund will hold a high conviction portfolio of up to 10 funds and is distributed throughout Europe.
“Launching a UCITS strategy is a natural progression for Stenham,” said Krishnan. “Up until about 18 months ago we felt the macro UCITS universe did not offer enough depth for a fund of funds product, but we are now increasingly seeing top quality managers making the move into UCITS.
“There is no doubt the pool of investment talent on offer has developed substantially in the few years.”
He said there have been signs of an improving opportunity for discretionary macro trading as foreign exchange and interest market volatility has picked up in the last few months, thus forming “an opportune time” in the market to launch this latest strategy.
The fund has a minimum investment of £25,000 and a subsequent investment of £5,000.Source: International Adviser