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New Managers April 2012

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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.

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