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London FoHF Makes Big Changes

Jan 03, 2013
Jing Chen

Fund of hedge funds firm Stenham Asset Management is in the middle of restructuring in an attempt to cope with the difficult environment in the industry.

Financial News reported that London-based Stenham Asset is retreating from the institutional market and will “place greater emphasis on the targeted acquisition of assets on a wholesale and joint venture basis and at the same time free up substantial resource within the investment team.”

The restructuring prompted several members of its business development team to leave the firm, including director and head of institutional business development Harry Wulksohn.

Stenham Asset managed just $2.2 billion in November 2012, down from $3.5 billion in 2010.

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