The group has invested in global macro hedge funds since the 1980s. Stenham Trading has achieved an annualised return of 9.07% since inception in 1993, according to the company’s own data, compared with a return of 6.51% from the HFRX Macro Index.
Stenham said the Guernsey-domiciled Helix fund aims to invest in similar types of macro managers, but within a portfolio that allows a greater amount of liquidity.
This will allow Stenham to offer monthly liquidity with 35 days’ notice, as opposed to 95 days’ notice for Stenham Trading.
The fund is a concentrated portfolio of around 15 managers, with a target of the London Interbank Offered Rate plus 5% to 6% and low volatility.
Minimum investment in the fund is $25,000, with no lock-up period. It was launched with $36m seed money and is available to investors globally, in dollar, sterling and euro share classes.
Stenham, which had total assets of $2.7bn in November, has clients in the UK, the Channel Islands, the Caribbean, Europe, South Africa, Latin America, Japan, Asia Pacific and the Middle East.
