Mon, May 1, 2017
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: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob