Stone Ridge reaches $5bn

Top 10 ILS manager and reinsurer sidecar investor Stone Ridge Asset
Management reported that its net asset base had reached $4.95bn by
the end of July, up 4 percent from the end of the prior quarter.
During the three-month reporting period, Stone Ridge invested
$56mn with an Axis Ventures Re cell and put $23mn into
PartnerRe's 2016 Demeter Re, trimming its $27mn allocation from
2015.
Stone Ridge also renewed its participation in the mid-year
portfolio offered by Bermudian manager Aeolus,...