Sun, Nov 29, 2015
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November