StoneRidge Investment Partners LLC, Malvern, Pa., opened its doors for business last month.
The firm's management -- Joseph Stocke, Philip Brown II, Daniel Cook and Lester Rich -- now all managing directors, worked together at Meridian Investment Co., Malvern, a First Union Corp. subsidiary. Mr. Stocke was chief investment officer and chief equity strategist; Mr. Brown was president of Meridian; Mr. Rich and Mr. Cook were equity portfolio managers.
Rounding out the team are a fixed-income portfolio manager, the head equity trader, the assistant equity trader and support staff from Meridian.
The firm will manage core equities and fixed-income strategies, using qualitative and quantitative screens in separate account and mutual fund formats, said Mr. Cook. The firm opened three mutual funds -- the StoneRidge Equity Fund, Small-Cap Equity Fund and Bond Fund.