Stone Ridge Asset Management

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Stone Ridge’s cat bond focused mutual ILS fund continues to grow

The steady growth of Stone Ridge Asset Management's more catastrophe bond focused mutual insurance-linked securities (ILS) fund has continued in the last quarter of record, while at the same time the investment manager's interval ILS fund strategy shrank further as it realised more losses and return of capital. Overall, in the read the full article →

Stone Ridge’s mutual ILS funds shrink 11% to $3.4bn, interval shrinks 21%

Insurance-linked securities (ILS) assets under management across the two main mutual ILS funds operated by Stone Ridge Asset Management shrank by approximately 11% during the last quarter of record to $3.4 billion. Stone Ridge's interval ILS fund strategy, which allocates to reinsurance sidecars and private ILS quota shares in the main, read the full article →

Sapnar joins Stone Ridge’s NYDIG to lead bitcoin services for insurance

Mike Sapnar, the former CEO of global reinsurance firm TransRe has now surfaced as Global Head of Insurance Solutions for the Stone Ridge owned NYDIG, tasked with leading the firms creation of bitcoin-powered products and services for the global re/insurance industry. We wrote back in March that Sapnar was said to read the full article →

Stone Ridge’s mutual ILS funds steady, liquidation of positions evident

Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets were relatively steady during the last quarter of record, but growth in short-term, more liquid assets held in the Interval structure suggest a liquidation of some private sidecar and quota share reinsurance positions, possibly to service further redemptions. Overall, mutual ILS read the full article →

TransRe’s outgoing CEO Sapnar said heading to Stone Ridge

Mike Sapnar, the outgoing CEO of global reinsurance group TransRe, is heading for a new role at Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies, according to sources and reports. First reported by two publishers overnight and now discussed by our read the full article →

Stone Ridge interval ILS fund shrinks further, but cat bond holdings rise

Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets fell again in the last quarter of record, sliding just under 6% to end October 2020 with $3.82 billion of ILS assets across the two fund strategies. That's down around 30% on a year earlier, as Stone Ridge's ILS mutual funds read the full article →

Stone Ridge added non-cat reinsurance investments in 2020: CEO Stevens

Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), successfully expanded the remit of its reinsurance and ILS investments to include non-catastrophe risks this year. Almost a year ago we revealed that Stone Ridge Asset Management read the full article →

Stone Ridge ILS fund redemptions slow, cat bond holdings increase

Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets under management remained relatively flat through the last quarter of record, as redemptions appear to have slowed significantly, while the investor increased its holdings in catastrophe bonds. Stone Ridge's higher-risk, less liquid interval style mutual ILS fund, the Stone Ridge Reinsurance read the full article →

Stone Ridge boosts interval ILS fund NAV with reverse share split

Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), has actioned a reverse share split on its interval ILS fund strategy, effectively boosting the net asset value (NAV) of the strategy. Stone Ridge filed to undertake read the full article →

Stone Ridge mutual ILS funds shrink 18% to $4.1bn on redemptions

Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets shrank by a further 18% in the last quarter of record, as high levels of redemptions continued and over a billion dollars exited its interval ILS fund strategy. Again, it is the higher-risk, less liquid interval style mutual ILS fund that read the full article →