Stone Ridge Reinsurance Assets Hit $5.5bn, Interval Fund Sees 23% Growth
April 5, 2017 | by Steve Evans | Seeking Alpha
Stone Ridge Asset Management, the beta and alternative risk premia focused mutual fund manager, has reached $5.5 billion of insurance-linked securities (ILS) and reinsurance linked assets under management, with its Reinsurance Risk Premium Interval Fund leading the way with 23% growth in the last quarter.
Stone Ridge continues to see impressive growth across its reinsurance and insurance-linked securities (ILS) strategies, with a 9% increase in overall ILS assets under management in the three-months to the 31st January 2017.
At the last reporting juncture, Stone Ridge had reported that its ILS and reinsurance assets reached just over $5 billion for the first time by 31st October 2016, but now the managers total net assets across the two reinsurance linked mutual funds it operates have increased by another 9%, reaching almost $5.5 billion ($5.493bn to be precise).
