Tue, Jul 7, 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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner