Stone Ridge
Stone Ridge Asset Management is a New York-based alternative asset manager founded in 2012 with a distinctive focus on providing investors with exposure to risk premium strategies that are economically distinct from traditional equity and fixed income risk. The firm manages approximately $20 billion in assets across its mutual funds and private funds, offering strategies focused on reinsurance risk, variance risk premium, alternative lending, and other alternative risk premia that generate returns primarily from insurance and risk transfer market inefficiencies rather than from traditional economic cycles.
Stone Ridge's investment strategies include the Stone Ridge Reinsurance Risk Premium Interval Fund, which provides exposure to catastrophe reinsurance risk through a liquid interval fund structure; the Stone Ridge Variance Risk Premium Fund, which seeks to generate returns from the structural relationship between implied and realized volatility; and Stone Ridge Alternative Lending Risk Premium Fund, which invests in consumer and small business loans through the marketplace lending sector. These strategies are designed to generate returns that are largely uncorrelated with equity and bond markets, providing genuine diversification benefits within investor portfolios.
Stone Ridge Asset Management represents a genuinely innovative approach to alternative investing, pioneering the democratization of reinsurance risk as an investable asset class and packaging it in a registered fund structure accessible to individual investors. The firm's intellectual framework — which treats reinsurance risk, variance risk premium, and lending risk as distinct alternative risk premia deserving their own dedicated investment vehicles — has attracted significant interest from investors and academics alike. Stone Ridge's commitment to investor education, transparent investment processes, and innovative product development has built a loyal following among sophisticated financial advisors and investors seeking true diversification beyond traditional alternative investment categories.