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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...