Tue, Apr 28, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner