Meet The Mets: Merrill Takes Stake In Wilpon Hedge Fund

May 24 2007 | 12:54pm ET

Merrill Lynch has acquired its second stake in a hedge fund manager in a week, and it’s third since October, agreeing to make an undisclosed, non-controlling investment in $4 billion Sterling Stamos Capital Management. Sterling Stamos will remain an independent firm.

"Sterling Stamos is a leading investment firm with an outstanding management team," said Rohit D'Souza, head of global alternative investments and global equities at Merrill Lynch. "We will work with Sterling Stamos to grow their successful business by using Merrill Lynch's global resources."

Sterling Stamos was founded in 2002 by New York Mets owner Fred Wilpon and Peter Stamos, the former chief of staff for former Sen. Bill Bradley (D-N.J.) who now serves as chairman and CEO of the hedge fund. The firm invests in alternative and traditional assets and has offices in New York, Menlo Park, Calif., and Tokyo.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note