Magnetar Vet Unveils Reinsurance Hedge Fund

Nov 16 2012 | 12:57pm ET

A former Magnetar Capital portfolio manager has launched a reinsurance hedge fund.

Ross Stevens' Stone Ridge Asset Management began trading in September. The fund "expects to invest broadly in reinsurance-related securities across the yield spectrum," Stone Ridge wrote in a U.S. Securities and Exchange Commission filing.

Among those securities are swaps, industry loss warrants, longevity bonds and mortality bonds, it added.

Stevens' team at Stone Ridge includes former Royal Bank of Canada equity derivatives trader Robert Gutmann, former Deutsche Bank structured products salesman Erick Goralski, and Goralski's former deputy, John Kidd, Bloomberg News reports.

Stone Ridge charges 1.5% for management, the filing says.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of