Wed, Apr 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Investment management group Stenham expands activities in Bermuda and the Caribbean

Monday, October 26, 2009
Opalesque Industry Updates - Stenham has hired Paul Bailey as an exclusive consultant for the region. Mr Bailey comes with an impressive track record of assisting professional advisors and their clients in offshore markets including Bermuda, the Caribbean and the Channel Islands. He spent 10 years with GAM in London and Bermuda and has extensive knowledge of the region and its important decision makers. His remit with Stenham will be to leverage his experience of those markets and develop the firm’s relationships with key professional advisors and their clients.

Harry Wulfsohn, Director and Head of Institutional Business Development commented: ‘Bermuda and the Caribbean have recognised for some time the benefits of Absolute Return Strategies, including alternative investments, as an important tool to improve diversification and reduce volatility. At Stenham, it is fundamental for us to work with experienced people who have a deep local knowledge of their markets and we are delighted to welcome Paul as a consultant. This important development is a significant part of our growth strategy for offshore markets. In all our markets we are committed to our philosophy of wealth preservation and focusing as much on managing risk as delivering returns.’

Paul Bailey commented: ‘I am delighted to be working with Stenham. I have known of the firm for many years and have been particularly impressed with its management team, 20 year track record of capital preservation, and its results against its peers both long term and more recently during the credit crisis. Stenham’s philosophy and approach has been well received in these offshore jurisdictions and I am looking forward to expanding Stenham’s activities.’

***

Stenham is an investment management group providing financial solutions and products to institutions and high net worth private clients. Stenham currently has around US$ 5.4 billion under management, of which US$ 2.5 billion is managed through its multi-manager hedge fund portfolios, whilst US$ 2.9 billion represents the market value of the properties in which Stenham is invested. It operates from a network of global offices including the Channel Islands and the UK, with offices in five other countries around the world.


Be

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  4. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance