Stone Ridge Asset Management LLC

Stone Ridge serves pooled and institutional investors as investment adviser to registered investment companies (Registered Funds), private pooled vehicles, an affiliated reinsurance holding company (Longtail Holdings) and separately managed accounts. It generally provides discretionary portfolio management and tailors advice to each client’s governing prospectus, offering documents or investment management agreement.

The firm offers a range of alternative strategies — including reinsurance and reinsurance risk premium, alternative lending, market risk transfer, single‑family rental real estate, art, energy and healthcare royalties — and describes the methods of analysis and risks for each strategy in the applicable fund or offering documents. Stone Ridge is also registered as a commodity pool operator and commodity trading adviser and discloses use of derivatives and other instruments (including bitcoin‑related derivatives in certain accounts) as part of some strategies.

Stone Ridge’s corporate and affiliate structure is notable: its parent controls related businesses that include operating reinsurance subsidiaries and entities focused on bitcoin services, including a trust company, so the firm’s activities encompass insurance‑linked and crypto‑related businesses alongside fund management. The brochure also highlights side‑by‑side management and allocation policies, the potential for conflicts of interest when investment opportunities are limited, and that some employees are registered to assist in marketing or trade execution, all of which affect how opportunities are allocated among funds and accounts.