Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, had another strong year for its reinsurance investment strategies and ventures in 2024, which CEO Ross Stevens describes in his latest investor letter while also explaining some of what makes the firm so interesting.
Having delivered record returns to investors in its insurance-linked securities (ILS) funds in 2023, the strong performance continued in 2024 for Stone Ridge’s strategies, as hard catastrophe reinsurance market pricing and improved terms of capital deployment continued to drive returns.
A year ago, the Stone Ridge investor letter explained that the investment manager generated more than $1 billion in trading profits from its reinsurance and ILS investment businesses in 2023.
FULL ORIGINAL PUBLICATION HERE
