Friday, 22 August 2014
Last updated 5 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note