Tuesday, 2 June 2015
Last updated 16 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…