Thu, Sep 18, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Stone Toro launches event-driven arbitrage hedge fund

Thursday, February 10, 2011

Jeffrey L. Russo
Opalesque Industry Update - Stone Toro Asset Management, LLC, a Princeton, NJ based alternative investment firm, announced [on 3rd January, 2011] that it was launching the ST Alpha Event Fund LP.

Initial investment capital is provided by management and other private sources of wealth. The fund is designed as an institutional hedge fund for qualified investors.

Jeffrey L. Russo, the Portfolio Manager, is a recognized leader in quantitative portfolio management and event-driven strategies and has managed these strategies for 15 years in multiple portfolio styles including enhanced index, active quantitative, and multi-strategy hedge funds. His experience includes active portfolio management responsibility as well as equity, foreign exchange, and derivative trading for over $14 billion AUM. Mr. Russo has over 20 years of asset management experience with Bankers Trust, Merrill Lynch Investment Managers, and, most recently, BlackRock. The ST Alpha Event Fund LP follows an absolute return strategy and seeks to have a low expected correlation to the equity markets.

The Fund utilizes a global, multi-strategy approach to event-driven arbitrage and seeks to create alpha by identifying persistent arbitrage opportunities caused by market structural imperfections and investor behavior.

The Fund focuses on short-term, high-information events with defined catalysts. Strategies of the Fund include index changes, structural changes, merger arbitrage and relative-value pairs.

Stone Toro began operations in early 2010 and is led by Jeffrey Russo, Michael Jarzyna, and Richard Jenkins, former Directors and colleagues at Merrill Lynch Investment Managers. The ST Alpha Event Fund LP is the first of two funds slated to launch in 2011. Stone Toro’s second offering will be a small/mid-cap long/short Tech Fund with Michael Jarzyna, as the Portfolio Manager. Please refer questions to Richard Jenkins, COO of Stone Toro who can be reached at 609.748.1936 richard@stonetoro.

(press release)

www.stonetoro.com

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali