Stone Toro, Seed In Hand, Goes Offshore

Apr 18 2012 | 12:14pm ET

Following its first seed investment, Stone Toro Asset Management has created an offshore version of its flagship event-driven arbitrage strategy.

The Princeton, N.J.-based firm launched its ST Alpha Event Fund in the Cayman Islands at the end of last month, HFMWeek reports. The fund received a commitment from a European institutional investor last month to bring its total assets under management up to about $40 million.

Stone Toro launched the fund last year, focusing on short-term, high-information events with defined catalysts. The firm was founded in 2010 by former Merrill Lynch Investment Managers portfolio manager Jeffrey Russo and two other Merrill veterans, Michael Jarzyna and Richard Jenkins.


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note