N.J. Hedge Fund Gets Seed

Apr 5 2012 | 11:41am ET

With 15 months under its belt, Stone Toro Asset Management has won its first seed investment.

The Princeton, N.J.-based firm's maiden hedge fund attracted a commitment from a European institutional investor, HFMWeek reports. The ST Alpha Event Fund, an event-driven arbitrage vehicle, now manages some $40 million.

The fund debuted last January. Stone Toro was founded in 2010 by Jeffrey Russo, Michael Jarzyna and Richard Jenkins, three Merrill Lynch Investment Managers veterans.

The fund was up 2.4% last month.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...