Stone Ridge Asset Management

The share price for the interval-style mutual insurance-linked securities (ILS) fund operated by Stone Ridge Asset Management has now declined by almost 5% since the impact of typhoon Hagibis in Japan.

Stone Ridge Asset Management, the New York based mutual fund manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), continues to work on the establishment of its new Longtail reinsurance platform.

The shrinking of Stone Ridge Asset Management’s insurance and reinsurance linked assets under management slowed again in the investment managers last quarter of record, as its ILS assets ended July at $5.78 billion.

New York based investment manager Stone Ridge Asset Management has registered a new fund to support its capital raising activities around its new Longtail reinsurance platform that we recently revealed the manager to be preparing.

Stone Ridge Asset Management, the New York based manager of reinsurance focused insurance-linked securities (ILS) mutual fund strategies, is beginning the process of raising capital for a new reinsurance platform named Longtail, we can report.

Stone Ridge Asset Management’s insurance and reinsurance linked assets under management shrank by another -4% in the latest quarter of record, finishing the period at $5.93 billion by the end of April as the manager continued to realise losses from catastrophes and redemptions.

Insurance and reinsurance linked assets under management at alternative risk premia focused mutual fund manager Stone Ridge Asset Management shrank by roughly 11% in the last quarter of record, to $6.15 billion across its two dedicated ILS fund strategies.

According to alternative risk premia focused mutual fund manager Stone Ridge Asset Management, the returns possible from reinsurance risk premiums still pass its “smell test” as an asset class with long-term value for investors.

For the first time in the mutual insurance-linked securities (ILS) funds history, the Stone Ridge Reinsurance Risk Premium Interval Fund has seen applications for its latest quarterly share repurchase program become oversubscribed, Artemis has learned.

Assets under management in the dedicated insurance-linked security (ILS) and reinsurance linked investment mutual funds operated by Stone Ridge Asset Management stayed relatively static over the latest reported quarter at around $7 billion.