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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