Magnetar Vet Unveils Reinsurance Hedge Fund
Nov 16 2012 | 1:57pm ET
A former Magnetar Capital portfolio manager has launched a reinsurance hedge fund.
Ross Stevens' Stone Ridge Asset Management began trading in September. The fund "expects to invest broadly in reinsurance-related securities across the yield spectrum," Stone Ridge wrote in a U.S. Securities and Exchange Commission filing.
Among those securities are swaps, industry loss warrants, longevity bonds and mortality bonds, it added.
Stevens' team at Stone Ridge includes former Royal Bank of Canada equity derivatives trader Robert Gutmann, former Deutsche Bank structured products salesman Erick Goralski, and Goralski's former deputy, John Kidd, Bloomberg News reports.
Stone Ridge charges 1.5% for management, the filing says.
Related Links
More News
- Hedge Fund Launches Exceed Liquidations for Second Consecutive Quarter
- Neudata Launches Unique Alternative Data Use-Case Research Platform
- Private Equity Drives Value of Jersey Funds Business To Record Levels
- HFRX Global Hedge Fund Index Up +0.19% Through Mid-March
- Tullett Prebon Announces Launch of Alternative Asset Backed Lending Desk
- Cressey & Company Announces Andy Hurd as Operating Partner
- Rational Funds Converts Second Hedge Fund
- Northern Trust Strengthens Private Equity Audit via Blockchain Technology with PwC
- Fidante Acquires Minority Stake in Latigo Partners
- Preqin: High Valuations Are Top Concern For Private Debt Managers
- Maitland Hires Ferrara As Senior Client Service Manager
- Eurekahedge: Hedge Fund Down -1.64%, the worst monthly loss since May 2010
- Preqin: Private Equity Buyout Funds Focus On IT Sector
- Seward & Kissel Study: Continued Flight From Equity Among New Funds
Eurekahedge: Hedge Fund Index Down 0.54% in March
In Depth
PAAMCO: Will Inflation Deflate the Asset Bubble?
Jan 30 2018 | 9:49pm ET
As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...
Lifestyle
CFA Institute To Add Computer Science To Exam Curriculum
May 24 2017 | 9:25pm ET
Starting in 2019, financial industry executives sitting for the coveted Chartered...
Guest Contributor
Boost Hedge Fund Marketing ROI By Raising Your ROO
Feb 14 2018 | 9:57pm ET
Tasked with delivering returns on client capital, a common dilemma for many alternative...
