We innovate to prepare for an uncertain future
Our mission: financial security for all
Stone Ridge Asset Management is a $26B financial services firm focused on helping investors get to and through retirement with innovative solutions that tackle global financial challenges. 1
Stone Ridge offers investors access to differentiated, diversifying strategies including reinsurance, longevity risk pooling, alternative lending, real estate, energy, volatility risk transfer, and art.
Together, we contribute our collective careers’ worth of expertise in sourcing, structuring, execution, and risk management in pursuit of our purpose: financial security for all.
We build products we want ourselves and invest our own capital
Build a diversified portfolio
Identifying opportunities that are unrelated to traditional markets
Access persistent, pervasive risk premiums
Developing proprietary datasets and deep partnerships in anti-fad, hard-to-access asset classes
Stay invested for the long term
Structuring vehicles to optimize capital efficiency and risk management
Focus
Merit is our oxygen.
Be Humble
We let the data speak, continually updating our prior beliefs.
Be Kind
For those kindness attracts, it attracts powerfully.
Antifragile
Remain calm during adversity.
Paul Germain is the President of Stone Ridge Asset Management. Prior to joining Stone Ridge, Paul served as the Global Head of Prime Services at Credit Suisse. Paul was previously a Partner at Goldman Sachs and Co-Head of the US Client Franchise in Prime Brokerage. Paul received his MBA from Harvard Business School and his BSE in Management from University of Pennsylvania (Wharton).
Jim Rothwell is the Chief Administrative Officer and the Head of Legal at Stone Ridge. Prior to joining Stone Ridge, Jim was a Partner in the Securities and Equity Derivatives Group at Davis Polk & Wardwell where he spent 23 years. Jim received his JD from Harvard Law School and his AB in Biochemistry and Molecular Biology from Harvard University.
Mike Sapnar is the CEO of Longtail Re and Short Tail Re and the Head of Insurance Solutions at Stone Ridge Asset Management. Prior to joining Stone Ridge, Mike served as the President and CEO of Transatlantic Reinsurance for nearly ten years and held various positions domestically and internationally during his 26-year tenure. Mike has served as Chairman of the Reinsurance Association of America (RAA) and Brokers & Reinsurance Markets Association (BRMA). Mike received his BA in Economics from the College of William & Mary and his MBA in Finance from New York University.
Tomer Seifan is the Head of Alternative Fixed Income at Stone Ridge. Prior to joining Stone Ridge, Tomer was the Head of Structuring and Solutions for Global Markets in the Americas at BNP Paribas. Tomer started his career in the Financial Institutions Group at Davis Polk & Wardwell. Tomer received his JD from Georgetown University and his BA from Yale University.
Ross Stevens is the Founder and CEO of Stone Ridge Holdings Group. Ross started his career at Goldman Sachs after receiving his PhD in Finance and Statistics from the University of Chicago (Booth) and his BSE in Finance from the University of Pennsylvania (Wharton). Ross’ philanthropy focuses on human excellence and human rights, including establishing Wharton’s Stevens Center for Innovation in Finance, enhancing Booth’s PhD program (renamed Stevens Doctoral Program), and empowering activists in authoritarian countries with bitcoin.
Tejas Shah is a member of the Investment Committee. He also serves as the CEO of NYDIG and leads all trading activity. Prior to joining NYDIG, Tejas worked at Two Sigma where he focused on systematic options trading. Previously, Tejas spent nearly 20 years at Goldman Sachs where he was a Partner and co-head of Equity Derivatives Trading. Tejas earned a dual BS in Physics and Economics from the University of Michigan.
Yan Zhao is a co-Founder and President of Stone Ridge Holdings Group and Head of the Investment Committee. Yan has held a variety of leadership roles at Stone Ridge, including President of NYDIG, CEO of Flourish, and Head of Reinsurance. Prior to Stone Ridge, Yan worked at the Boston Consulting Group and Morgan Stanley. Yan received her MBA from Harvard Business School and her BA in Economics from Harvard University.
Peter Attia, MD is the founder of Early Medical, a medical practice that applies the principles of Medicine 3.0 to patients with the goal of lengthening their lifespan and simultaneously improving their healthspan. He is the host of The Drive, one of the most popular podcasts covering the topics of health and medicine with over 100M+ downloads. Peter is also the author of the #1 New York Times Bestseller, Outlive: The Science and Art of Longevity, which has sold over 2 million copies worldwide.
Laura Carstensen, PhD is a renowned expert in aging and longevity, a Professor of Psychology and the Fairleigh S. Dickinson Jr. Professor in Public Policy at Stanford University, and the founding director of the Stanford Center on Longevity. Her groundbreaking research on the social and emotional dynamics of aging has earned her international recognition. Laura is the author of A Long Bright Future: Happiness, Health, and Financial Security in an Age of Increased Longevity.
Ted Mathas served as New York Life CEO for more than 14 years, successfully navigating the nation’s largest mutual life insurance company through both the Great Recession and Global Pandemic and maintaining the highest possible ratings for financial strength. Under his leadership, New York Life's assets under management more than tripled to $760 billion and the organization was, and remains, a leading provider of retail life insurance and annuities in America. Ted teaches a class at the University of Virginia School of Law on Leadership, Decision-making and Culture.
Eric Clarke is the founding CEO of Orion Advisor Tech, launching the firm in 1999 to provide portfolio accounting software to help independent financial advisors scale their businesses. He retired as Orion’s CEO in 2023 and continues to serve as an active member of the Board of Directors. Eric guided Orion through seven major acquisitions between 2018 and 2022 and integrated these critical pieces of cutting-edge wealth tech into Orion’s ecosystem. As a visionary leader and prominent voice in the financial advisory industry, Eric is at the forefront of advancing and transforming the RIA and wealth tech industries. He has written frequent articles that have appeared in InvestmentNews and The Journal of Financial Planning. Eric has received numerous industry awards including WealthManagement CEO of the Year for 2022, ThinkAdvisor’s IA25 multiple times, a Luminaries award in 2022 and an InvestmentNews’ Icon & Innovators Award in 2019, and lead the Orion team to four Wealthies Awards in 2023.
Ross Stevens is the Founder and CEO of Stone Ridge Holdings Group. Ross started his career at Goldman Sachs after receiving his PhD in Finance and Statistics from the University of Chicago (Booth) and his BSE in Finance from the University of Pennsylvania (Wharton). Ross’ philanthropy focuses on human excellence and human rights, including establishing Wharton’s Stevens Center for Innovation in Finance, enhancing Booth’s PhD program (renamed Stevens Doctoral Program), and empowering activists in authoritarian countries with bitcoin.