Sunday, 28 December 2014
Last updated 3 days ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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