Thu, Aug 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers April 2012

Profiles
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. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  2. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  3. Investors yank money from hedge funds after poor performance[more]

    From Marketwatch.com: A growing exodus from hedge funds extended to two of the biggest names in the industry Tuesday, Tudor Investment Corp. and Brevan Howard, as disenchanted investors increasingly shun what was once the hottest place to put money. The funds’ problem is clear: They just aren’t perf

  4. Banks look at hedge funds differently - and it should matter to allocators[more]

    From Valuewalk.com: Looking at two bank reports on the same topic can often yield interesting results. There are times when bank research is best viewed from the standpoint of how their analysis does or does not correlate with one another. Regarding hedge fund allocation decisions, one bank appears

  5. Legal - Hedge fund’s fixer kept deals flowing with bribes, U.S. says, Big four banks sued by U.S. hedge funds over BBSW, Lessons for hedge fund managers from the government's failed prosecution of alleged insider trading[more]

    Hedge fund’s fixer kept deals flowing with bribes, U.S. says From Bloomberg.com: With the Miami villa, stopovers at New York’s Plaza Hotel and millions channeled in bribes to win mining deals, Samuel Mebiame was the relationships guy in a corruption scheme that spanned continents, accord