The company said that the fund aims to invest in similar types of macro managers but to assemble a portfolio where the liquidity provided by the underlying managers allows Stenham to offer monthly liquidity with 35 days’ notice.
The fund will consist of a concentrated portfolio of around 15 managers with a target return of Libor +5% to 6% and low volatility.
The Stenham Helix fund has launched with $36m and is available in USD, GBP and EUR share classes.
Stenham Advisors investment director Javier Uribarren said that the new fund was launched in response to both a continued interest in Global Macro strategies and the need for liquidity.
"We have never gated or restricted redemptions from any of our funds because our fundamental philosophy is to ensure that there is a comfortable match between the liquidity terms offered to investors and those available from the underlying hedge funds that form the investment portfolio," added Uribarren.
