Friday, 22 May 2015
Last updated 2 min 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…