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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...