Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, grew the catastrophe bond and insurance-linked securities (ILS) assets under management in its range of mutual reinsurance fund strategies to more than $5 billion in the last quarter of record.
When we last reported on the investment managers 40’s Act compatible mutual cat bond, ILS and reinsurance fund range, around $300 million in assets had been added to lift the total to $4.72 billion by the end of July 2024.
Now, as of the latest reporting at October 31st 2024, the total for cat bond and ILS assets recorded in the funds has reached almost $5.1 billion and even if we subtract a cross-investment from one fund into another that Stone Ridge manages, the cat bond and ILS AUM figure in the mutual funds amounted to almost $5.02 billion at October 31st.
FULL ORIGINAL PUBLICATION HERE
