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Stone Ridge Asset Management

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Stone Ridge Asset Management

Stone Ridge Asset Management extends its investment advisory services to private and registered funds. According to its website, it specializes in “delivering valuable, diversifying return streams sourced from alternative risk exposures – not alpha.”  

The New York firm does not provide advisory services to individuals. If you’re looking for a personal financial advisor who can provide financial planning and investment management services, use our SmartAsset advisor matching tool. It connects you with up to three local professionals. 

Stone Ridge Asset Management Background

Since 2012, Stone Ridge has been providing services as a registered investment advisor (RIA). It formed as a limited liability company (LLC) under laws in the state of Delaware. However, it’s based in New York City and has its financial engineering office in Beijing. 

What Types of Clients Does Stone Ridge Asset Management Accept?

Stone Ridge’s only current clients are private funds and registered funds. It may accept managed account clients in the future. 

Stone Ridge Asset Management Review Minimum Account Size

Because the firm does not currently work with individual clients, the minimum account size requirement is not applicable. 

Services Offered by Stone Ridge Asset Management Review

Stone Ridge serves as an advisor to a range of investment companies through private or registered funds. When working with these clients, Stone Ridge provides a funds document that describes investment objectives, guidelines and requirements. Such information would be outlined in the fund prospectus.

The firm currently sponsors or administers the following private funds: 

  • Drug Royalties Fund II LLC,
  • Drug Royalties Offshore Fund II LLC
  • Drug Royalties Cayman Fund II LP
  • Stone Ridge Alternative Lending Issuer Trust I

The Drug Royalties Funds are exclusively invested in Oberland Capital Healthcare II LP.  As its name suggests, Stone Ridge Alternative invests in alternative lending-related securities. 

Stone Ridge can provide eligible investors who wish to invest in these private funds with documentation detailing investment strategies, methods of analysis and material risks. 

Stone Ridge Asset Management Investment Philosophy

Stone Ridge utilizes various investment strategies such as reinsurance risk premium, variance risk premium, alternative lending risk premium and factor-based equity risk premium. Generally, though, it takes a passive approach to investing. So it will typically steer away from market timing or buying undervalued securities, believing, as it  states, “Competition quickly drives prices to fair value, leaving only risk premium.” Instead, the firm takes on “intentional,” controlled and intelligent risks because “guessing the future is no way to build long-term wealth.” 

Fees Under Stone Ridge Asset Management

Stone Ridge’s fees are non-negotiable and are laid out in each fund’s offering documents. (The firm doesn’t make these public.) Funds may also incur other fees and expenses, including custodial fees and expenses, transfer agency fees and more. 

What to Watch Out For

As noted earlier, Stone Ridge does not serve individual clients. It also doesn’t provide financial planning or wealth management advice. For that kind of service, you’ll need to find another firm. 

Disclosures

Stone Ridge Asset Management had no disciplinary action or event in the past 10 years to report as of this writing. 

Opening an Account With Stone Ridge Asset Management

To contact Stone Ridge, visit its website, http://www.stoneridgeam.com/,  or call the firm at (212) 257-4750. 

Where Is Stone Ridge Asset Management Located?

You can find the firm at the following address: 

 

510 Madison Avenue

21st Floor

New York, New York 10022

All information was accurate as of the writing of this article.

Tips for Rookie Investors 

  • Start with exchange-traded funds (ETFs). These diversified baskets of stocks trade like stocks but carry less risk. Plus, many have tax benefits. They’re a great way to test the investing waters.
  • Don’t go it alone. Our SmartAsset matching tool can help you find a financial advisor. It connects you with up to three advisors in your area in five minutes. The tool also gives you access to their profiles, which you can evaluate before deciding to work with one.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research