Sat, Oct 22, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers April 2012

Three emerging hedge fund managers speak to Opalesque

Stonehenge's new $250m multi-strategy hedge fund to commence trading on May 1

Kenneth Goldring and Steven A. Michaelem

The $250m multi-strategy hedge fund, Stonehenge Diversified III , which was launched by Florida-based alternative investment manager Stonehenge Asset Management, LLC on April 1, will commence trading on May 1, Stonehenge's Founder, Principal and CIO Steven A. Michael told Opalesque.

Stonehenge Diversified III is the third multi-strategy hedge fund to be launched by Stonehenge. The new fund will be domiciled in the U.S. and has appointed NAV Consulting Inc. as its administrator.

According to Steven Michael the subscription value set by Stonehenge has been reached. Stonehenge Diversified III will be offered continuously moving forward beginning June 1, 2012. Subscriptions for June will begin on May 1, 2012. The fund will have an extremely large capacity and the manager is looking to achieve its $250m target "by year's end."

Stonehenge Asset Management manages two other funds, Stonehenge Diversified I and Stonehenge diversified II . Stonehenge Diversified 1, their first multi-strat fund, is currently featured in Opalesque' Emerging Managers Database.

Michael said that the new fund is an extension of the firm's Stonehenge Diversified I fund, although Stonehenge Diversified III may accept non-Qualified Eligible Person (QEP) investors in the future.

As a multi-strategy hedge fund, Stonehenge Diversified III will trade using a variety of approaches.


To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p