Stone Ridge Asset Management

Stone Ridge Asset Management is an American alternative investment firm founded in 2012 by Ross Stevens, who serves as Founder and CEO. The firm is headquartered in the United States and manages approximately $35 billion in assets, with roughly $8 billion invested in its own strategies. Stone Ridge positions itself as a provider of 'True Alternatives'—alternative investment strategies designed to generate persistent value unrelated to traditional markets, often rooted in principal-agent problems and proprietary data advantages. The firm emphasizes deep expertise in sourcing, structuring, execution, and risk management, and backs its products with meaningful investment from its own balance sheet to ensure alignment with investors. Its core principles, unchanged since inception, are 'Focus. Be Humble. Be Kind.' and 'Antifragile.' Stone Ridge serves institutional and individual investors seeking diversification through uncorrelated return streams, with notable focus areas including energy hedging and structuring. The firm publishes an annual investor letter from Ross Stevens and maintains a website at stoneridgeam.com.

Stone Ridge Asset Management was founded in 2012 by Ross Stevens, who continues to lead the firm as Founder and CEO. From inception, the firm adopted a set of core principles—'Focus. Be Humble. Be Kind.' and 'Antifragile.'—that remain central to its culture and investment approach. Stone Ridge built its business around the concept of 'True Alternatives': alternative investment strategies that generate returns uncorrelated to traditional stock and bond markets, often by exploiting clear information asymmetries rooted in principal-agent problems. The firm developed proprietary data advantages and expertise in sourcing, structuring, execution, and risk management. A distinctive feature of Stone Ridge's model is its practice of investing significant amounts of its own capital alongside clients—approximately $8 billion as of its own reporting—to ensure strong alignment. Over time, Stone Ridge has grown to manage approximately $35 billion in assets. It has highlighted energy as a key area, offering unique hedging and structuring capabilities that aim to provide attractive return potential with immediate monthly cash flow. The firm publishes an annual investor letter from Ross Stevens, with the 2025 letter available on its website. Stone Ridge remains a private firm and continues to operate under its original mission of delivering financial security for all.

• 2025

  Stone Ridge publishes its 2025 Investor Letter from Founder and CEO Ross Stevens.

• 2012

  Stone Ridge Asset Management founded by Ross Stevens.

Provider of 'True Alternatives'—alternative investments uncorrelated to traditional markets, backed by proprietary data and significant own-capital investment.

• True Alternatives strategies

  Alternative investment strategies designed to generate persistent value unrelated to traditional markets.

• Energy hedging and structuring

  Unique hedging and structuring capabilities enabling attractive return potential with immediate monthly cash flow.

1. 1Stone Ridge Asset Management | Alternative Investmentsstoneridgeam.com
2. 2Our Mission & Values | Stone Ridge Asset Managementstoneridgeam.com
3. 3Stone Ridge Asset Management - Wikidatawikidata.org