Stone Tower Opens Doors In Europe

Oct 13 2011 | 2:18am ET

New York hedge fund Stone Tower Capital has opened its first office in Europe as it seeks to increase its presence on that continent.

The $20 billion credit specialist said it created a subsidiary in Dublin. The new office is led by Tim Richards, who will oversee Stone Tower's expansion in Europe along with Alan Kelly.

"Out investors continue to depend on Stone Tower's expertise in identifying and evaluating total return and event-driven investment opportunities in performing and distressed credit situations," CEO Michael Levitt said. "Having an on-the-ground, European presence allows the firm to serve existing clients while looking for new and interesting credit opportunities that have arisen as financial pressure increases across the entire Eurozone."

Richards joins Stone Tower from LBBW Asset Management Ireland, which he led as CEO for the past four years. He formerly spent almost a decade at WestLB Group's Brightwater Capital. Kelly also formerly worked at LBBW.

The Dublin office joins three other global offices for Stone Tower, in New York, Los Angeles and Sydney, Australia.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.