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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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