Lawyers from Carey Olsen’s corporate team have provided Guernsey legal and regulatory advice to Stenham Asset Management, the London based fund of hedge funds group, on its acquisition of Montier Partners.

Montier Partners is a discretionary investment management provider with offices in London and Guernsey.

As part of the deal Montier’s Guernsey staff will join Stenham at their Guernsey base in St Peter Port.

Andrew Boyce, corporate partner at Carey Olsen, says: “The acquisition is a positive for both parties involved and is indicative of the hedge fund market moving towards a consolidation of niche firms with larger houses.”