Stenham - February 2008
Stenham has made quite a skill out of making decisive and far-sighted decisions at the right time. Back in 1987 when long-only markets headed south, Stenham’s management decided to forego long-only completely in favour of multi-manager hedge fund portfolios.
When many still laid wreaths on the ‘death-bed’ of inflation, Stenham was preparing for the potential for inflation’s resurrection, and noting the protective FoHFlinked measures investors could take to ward against it. (See Edwin Wulfsohn, Rael Berelowitz, Keeping it in the Family, Hedge Funds Review, March 2007.)
While other houses were beginning to rely on multi-strategy global funds of hedge funds, Stenham already had its Universal FoHF, launched in 1992, and was branching into single
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