Stenham Asset Management Limited
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 164382
· SEC file 801-76754
· St. Peter Port
· WWW.STENHAMASSETMANAGEMENT.COM
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ADV data as of Jun 30, 2026
- Regulatory AUM
- $4.0B
- Discretionary
- $3.8B
- Clients
- 158
- Avg AUM / client
- $25.0M
- Accounts
- 200
- Employees
- 14
AUM over time
$1.7B
$4.0B
May 29, 2012
Jun 30, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of Jun 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $722K | 0.02% |
| Pooled investment vehicles (non-investment companies) | 7 | $2.7B | 67.1% |
| Pension and profit sharing plans | 2 | $435M | 11.0% |
| State or municipal government entities | 2 | $15.9M | 0.4% |
| Other | 146 | $850M | 21.5% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $548M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Stenham Trading Portfolio Inc. master | Hedge Fund | British Virgin Islands | $389M | 138 |
| Stenham Universal Investment Holdings Inc. master | Hedge Fund | British Virgin Islands | $98.6M | 370 |
| Stenham Macro Solutions Fund I | Hedge Fund | Guernsey | $60.4M | 3 |
People (11)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Fienberg, Michael, Hyam | Member Of Investment Committee | Aug 1994 (32y) | Less than 5% | |
| Arenson, Kevin, Eric | Member Of Investment Advisory Committee, Stenham Advisors Plc | Jun 1997 (29y) | Less than 5% | |
| Michel, Russel, Andrew Peter | Director | Jun 1997 (29y) | Less than 5% | |
| Toledano, Ravit, Ester Shalom | Chief Legal Officer | Feb 2007 (20y) | Less than 5% | |
| Bourge, Simon, Charles | Member Of Investment Committee | Dec 2010 (16y) | Less than 5% | |
| Griggs, Rachel Isobel, Catherine | Managing Director, Chief Operations Officer And Member Of Investment Committee | Feb 2013 (14y) | Less than 5% | |
| Battaglia, Giulio | Ceo, Stenham Asset Management Group | Nov 2016 (10y) | Less than 5% | |
| Patel, Rishi, Rashmi | Head Of Operational Risk, Stenham Advisors Plc | Jun 2020 (6y) | Less than 5% | |
| Beck, Timothy, Kenneth | Member Of Investment Advisory Committee, Stenham Advisors Plc | Feb 2021 (6y) | Less than 5% | |
| Bisson, Tracy, Anne | Chief Compliance Officer | Feb 2022 (5y) | Less than 5% | |
| Wolman, Merrick, Zane | Shareholder | Feb 2022 (5y) | ≈ 0.74% – 18.75% via Bellerive Group Holdings Limited |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Stenham Asset Management Holdings Limited | Shareholder | Apr 2008 | A | 75% or more |
| Empty Jaz Trust | Shareholder | Oct 2019 | B | ≈ 28.13% – 75% via Sam Global Limited |
| Bellerive Capital 57 Limited | Shareholder | Jun 2020 | B | ≈ 7.03% – 37.5% via Musgrave Capital Limited |
| Bellerive Capital Limited | Shareholder | May 2020 | B | ≈ 5.27% – 37.5% via Bellerive Capital 57 Limited |
| Bellerive Finance Holdings Limited | Shareholder | Apr 2014 | B | ≈ 3.96% – 37.5% via Bellerive Capital Limited |
| Bellerive Group Holdings Limited | Shareholder | Jul 2011 | B | ≈ 2.97% – 37.5% via Bellerive Finance Holdings Limited |
| Sam Global Limited | Shareholder | Jun 2020 | B | ≈ 37.5% – 75% via Stenham Asset Management Holdings Limited |
| Boomerang Holdings Limited | Shareholder | May 2021 | B | ≈ 37.5% – 75% via Stenham Asset Management Holdings Limited |
| Musgrave Capital Limited | Shareholder | Aug 2020 | B | ≈ 9.38% – 37.5% via Boomerang Holdings Limited |
| U5 Investment Trust | Shareholder | Apr 2014 | B | ≈ 0.74% – 18.75% via Bellerive Group Holdings Limited |
| Earl Fiduciary Ag As Trustees Of Empty Jaz Trust | Trustee | Oct 2019 | B | GP / trustee / elected manager of Empty Jaz Trust (indirect) |
| Earl Fiduciary Ag As Trustees Of U5 Investment Trust | Trustee | Apr 2014 | B | GP / trustee / elected manager of U5 Investment Trust (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Wolman, Merrick, Zane: 25% – 50% of Bellerive Group Holdings Limited × 75% – 100% of Bellerive Finance Holdings Limited × 75% – 100% of Bellerive Capital Limited × 75% – 100% of Bellerive Capital 57 Limited × 75% – 100% of Musgrave Capital Limited × 25% – 50% of Boomerang Holdings Limited × 50% – 75% of Stenham Asset Management Holdings Limited × 75% – 100% direct ≈ 0.74% – 18.75% of the firm
- Empty Jaz Trust: 75% – 100% of Sam Global Limited × 50% – 75% of Stenham Asset Management Holdings Limited × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Bellerive Capital 57 Limited: 75% – 100% of Musgrave Capital Limited × 25% – 50% of Boomerang Holdings Limited × 50% – 75% of Stenham Asset Management Holdings Limited × 75% – 100% direct ≈ 7.03% – 37.5% of the firm
- Bellerive Capital Limited: 75% – 100% of Bellerive Capital 57 Limited × 75% – 100% of Musgrave Capital Limited × 25% – 50% of Boomerang Holdings Limited × 50% – 75% of Stenham Asset Management Holdings Limited × 75% – 100% direct ≈ 5.27% – 37.5% of the firm
- Bellerive Finance Holdings Limited: 75% – 100% of Bellerive Capital Limited × 75% – 100% of Bellerive Capital 57 Limited × 75% – 100% of Musgrave Capital Limited × 25% – 50% of Boomerang Holdings Limited × 50% – 75% of Stenham Asset Management Holdings Limited × 75% – 100% direct ≈ 3.96% – 37.5% of the firm
- Bellerive Group Holdings Limited: 75% – 100% of Bellerive Finance Holdings Limited × 75% – 100% of Bellerive Capital Limited × 75% – 100% of Bellerive Capital 57 Limited × 75% – 100% of Musgrave Capital Limited × 25% – 50% of Boomerang Holdings Limited × 50% – 75% of Stenham Asset Management Holdings Limited × 75% – 100% direct ≈ 2.97% – 37.5% of the firm
- Sam Global Limited: 50% – 75% of Stenham Asset Management Holdings Limited × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Boomerang Holdings Limited: 50% – 75% of Stenham Asset Management Holdings Limited × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Musgrave Capital Limited: 25% – 50% of Boomerang Holdings Limited × 50% – 75% of Stenham Asset Management Holdings Limited × 75% – 100% direct ≈ 9.38% – 37.5% of the firm
- U5 Investment Trust: 25% – 50% of Bellerive Group Holdings Limited × 75% – 100% of Bellerive Finance Holdings Limited × 75% – 100% of Bellerive Capital Limited × 75% – 100% of Bellerive Capital 57 Limited × 75% – 100% of Musgrave Capital Limited × 25% – 50% of Boomerang Holdings Limited × 50% – 75% of Stenham Asset Management Holdings Limited × 75% – 100% direct ≈ 0.74% – 18.75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (3, $548M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Stenham Trading Portfolio Inc. | Hedge Fund | $389M | $100K | 138 |
| Stenham Universal Investment Holdings Inc. | Hedge Fund | $98.6M | $25.0K | 370 |
| Stenham Macro Solutions Fund I | Hedge Fund | $60.4M | $100K | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/30/2026 | 1.53 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Northern Trust $781M (20% of AUM) Jun 2026
- J.P. Morgan $343M (9% of AUM) Jun 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 30, 2026.
View current Form ADV (SEC/IAPD) ↗