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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

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