Opalesque Industry Updates - Allenbridge HedgeInfo is pleased to announce its rating of AA+ to Stenham Asset Management. This is a renewal of the original rating awarded to the fund Stenham Universal in 2008.|
Alexandre Pigault, Director of Research, Allenbridge HedgeInfo said: ‘Stenham is a robust and growing business with a well-balanced team and a strong sense of capital preservation throughout the investment process. Over the years and more recently since late 2008, this has helped the Universal fund to avoid some of the investment mistakes that have hit other funds much harder, as well as to weather the markets without damage either to its investors or to Stenham’s business.
Moreover, the Fund’s liquidity and transparency to investors are valued and rare attributes in the fund of hedge fund industry. During our in-depth investment & operational due diligence checks, and as a result of our highly detailed quantitative analytics, we were impressed both by Stenham’s ability to take hard and timely investment decisions, and by the Universal fund’s strong risk-adjusted characteristics. Stenham Universal demonstrates that long-term hedge fund investments are worthwhile, when in the hands of specialists.’
In the rating report, Allenbridge sets out the details of fund structure and processes as well as a full quantitative analysis of performance. In addition, the report covers any relevant centralised functions and the qualitative and quantitative tools used by the managers. The quantitative analysis of each of the funds highlights the respective investment and risk characteristics, both in absolute terms and relative to its peer groups.
Kevin Arenson, Chief Investment Officer of Stenham Asset Management said: ‘I am extremely proud that Stenham Universal has been awarded an ‘AA+’ rating again. This is testament to our disciplined investment process and strong operational infrastructure. The rating recognises our ability to consistently deliver returns and manage volatility with low correlation to equities and bonds through different economic cycles. We were impressed with the thorough and independent due diligence that Allenbridge undertook.’
Allenbridge Hedgeinfo (AHI) is a dedicated global hedge fund research and ratings firm. Its ratings service incorporates both sell-side hedge fund ratings used by hedge fund managers as part of their capital raising activities, and customised hedge fund due diligence (and ratings) conducted on behalf of investors seeking expert analysis and opinions on specific hedge funds.
Their proprietary ratings approach covers all the areas of hedge fund risks and encompasses structural, qualitative and quantitative analysis aspects of hedge fund due diligence. AHI is recognised internationally by investors and hedge fund managers as a benchmark for hedge fund analysis and research.
Stenham Asset Management has been active in fund management for over 20 years focusing exclusively on delivering absolute returns achieving a multiple award-winning track record. It provides market leading solutions for pension funds, charities, family offices and high net worth individuals, including both discretionary portfolios and funds of hedge funds. Its clients are mainly located in the UK and Channel Islands, Europe, Southern Africa, Latin America and Japan. Total assets as at July 2010 are US$ 2.9 billion.