Hedge Funds People Moves

Stenham offers currency share classes for dollar, euro, sterling bears

by

Harry Wulfsohn, head of institutional business development in London, said that Stenham has received requests for greater currency diversification from local and foreign investors, particularly private banks.

Stenham Asset Management has responded to client demand for greater control over their currency exposures by adding new share classes to its two largest fund of hedge fund strategies. From Feb. 1, the $3 billion firm’s multistrategy and global macro funds of funds will be available in Canadian dollar, Australian dollar and Singaporean dollar tranches. Until now, the funds have only been offered in U.S. dollar, euro and sterling classes.

Harry Wulfsohn, head of institutional business development in London, said that Stenham has received requests for greater currency diversification from local and foreign investors, particularly private banks. Investors