Stenham Asset Management, an alternative investment manager, acquired the assets, personnel and systems of hedge fund researcher Montier Partners and its sister company, Montier Asset Management, which manages $420 million in four commingled hedge funds of funds and separate accounts.
Dominique Montier, Montier Partners founder, chairman and CEO, and Jeremy Alun-Jones, Montier Partners' chief investment officer, have been awarded an equity stake in Stenham. Further terms of the acquisition were not disclosed, Sudha Bharadia, Stenham's head of marketing and communications, wrote in an e-mail response to questions.
Both Montier entities will close, Mr. Alun-Jones said in an interview from his London office.
Mr. Alun-Jones and Mr. Montier have joined Stenham's investment committee. Additionally, Mr. Alun-Jones was named managing director at Stenham Asset Management and assumed responsibility for day-to-day business operations of the firm from Kevin Arenson, Stenham CIO. The change allows Mr. Arenson to focus exclusively on investments and risk management, Mr. Alun-Jones said.
“The attraction of Montier was that it provided us with a highly suitable candidate for the position of managing director of Stenham Asset Management, expanded the current business development team and simultaneously augmented the investment team both at an operational and investment committee level,” Mr. Arenson said in a news release from Stenham Asset Management.
Mr. Alun-Jones said Montier's six other staff members have joined Stenham.
Stenham Asset Management manages about $3.1 billion in nine hedge funds of funds. Mr. Alun-Jones said three of Montier Asset Management's hedge funds of funds will be combined with three Stenham funds of funds that use similar investment strategies.