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From Precy Dumlao, Opalesque Asia:

The $3.2bn London-based asset manager Stenham Asset Management’s flagship hedge fund Stenham Trading, delivered strong returns in the last quarter after retaining its high allocation to global market strategies on the belief the strategy will sustain stable profits particularly during the current volatile market environment.

In a press statement, Stenham Asset Management’s Head of Marketing and Communications, Sudha Bharadia, disclosed that Stenham Trading returned +3.4% in Q3 this year compared with the HFRX Macro Index which reported a -0.85% loss and the MSCI World Equity Index which fell -17.05% during the period. Since the 1980s, Stenham Trading has been allocating to global macro strategies.

The Fund has achieved an annualized compound return (USD) of 9.30% since inception with a volatility of 7.27%. Stenham has over $ 1.1bn invested in global macro hedge funds and has $3.2bn invested in hedge fund strategies overall.

Stenham Asset Investment Director Javier Uribarren said, "The first half of 2011 was a challenging one for global macro in light of political, economic and market volatility. The rally in the Euro towards the start of the year was at odds with the deteriorating outlook for peripheral countries in the EU. However, in the third quarter, as these countries came under growing pressure to show monetary and fiscal restraint, investable trends devel......................

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