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

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...