Stone Ridge forms LifeX Board of Advisors, bringing together Peter Attia, Laura Carstensen, Eric Clarke, Ted Mathas, and Ross Stevens to Advise on Groundbreaking Retirement Product

NEW YORK, Oct. 24, 2023 /PRNewswire/ -- Stone Ridge Holdings Group ("Stone Ridge") is pleased to announce the formation of a distinguished Board of Advisors for LifeX ("LifeX Board"), a groundbreaking new franchise of mutual funds. Ted Mathas, who was most recently CEO and Chairman of New York Life for 14 years, will serve as Chairman of the LifeX Board, in addition to his role as Senior Advisor to Stone Ridge.

The other distinguished members of the LifeX Board include:

• Peter Attia: longevity expert, physician, bestselling author of Outlive: The Science and Art of Longevity, and host of The Drive, a health and longevity podcast with 75M+ downloads
• Laura Carstensen: founding director of the Stanford Center on Longevity, professor, and expert in the societal impacts, and opportunities, of longevity
• Eric Clarke: Founder of Orion Advisor Solutions ("Orion"), a wealth management technology leader, with $3.8T in platform assets
• Ross Stevens: Founder and CEO of Stone Ridge Holdings Group, author of Longevity Insurance (2018) and Live Long and Prosper: Accessing the Longevity Risk Premium (2019), which introduced the foundational principles and IP underpinning LifeX

While investment risk, inflation risk, and longer lifespans – the "Triple Threat" – challenge all investors, these forces are particularly acute for those in the "post-paycheck" phase of their life. LifeX tackles the "Triple Threat" head on.  It is designed to deliver high monthly "paychecks" for life through age 100,[1] without taking on stock or bond risk. Investors choose monthly payouts that are fixed, inflation-protected, or any combination of the two.

LifeX's foundational breakthrough: for the first time ever, an asset manager has added the power of longevity pooling to a mutual fund, providing material and uncorrelated additional payouts. In addition, with LifeX helping to cover essential spending needs, investors may also feel more confident increasing allocations to growth assets to create a larger legacy.

"We are honored such esteemed experts have joined us to help Stone Ridge and the Stone Ridge network of RIAs fundamentally transform retirement and longevity in America," said Mr. Stevens. "The LifeX Board will provide invaluable strategic guidance to help investors understand LifeX as the most valuable financial component of not just a retirement plan, but – more importantly – of a life well-lived. With LifeX, advisors can confidently tackle the Triple Threat that unnecessarily plagues so many American retirees."

"People don't want financial products, they want what these products can do for them. LifeX is uniquely designed with this in mind because it is all about delivering what people need: 'paychecks' for retirement," said Mr. Mathas. "LifeX allows people to live and invest in their retirement with the confidence they need. I am passionate about helping as many people as possible enjoy these benefits."

"I have dedicated my career to supporting financial advisors because I firmly believe in the importance of human connections," said Mr. Clarke. "I have witnessed the vital role financial advisors play in empowering individuals to lead better, financially secure lives. LifeX represents a pinnacle of innovation and effectiveness, making it one of the most impressive products I've encountered. I am enthusiastic about contributing to its growth and scale."

"My career has been focused on helping people both lengthen their lifespan and improve their healthspan. I strongly believe that people can take action to live longer and increase well-being while they are alive," said Dr. Attia. "I look forward to being on the LifeX Board and supporting Stone Ridge's goal of greater well-being for its investors: physically, mentally, and financially."

"Asked about aspirations for living to 100, typical responses from people are 'I hope I don't outlive my savings' or 'I hope I don't get dementia.' If we do not begin to envision what satisfying, engaged and meaningful century-long lives can look like, and what solutions are needed to support that, we will fail the many people who will live longer than their parents did and longer than they expect," said Dr. Carstensen. "Alleviating financial stress is a critical piece of the longevity puzzle, and I'm so excited to help craft how LifeX can be part of the solution."

Biographies:

Dr. Peter Attia: Peter Attia 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 75M+ downloads. He is also the author of the #1 New York Times Bestseller, Outlive: The Science and Art of Longevity, which has sold over 1 million copies.

Dr. Laura Carstensen: A renowned expert in aging and longevity, Dr. Laura Carstensen is 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. She is the author of A Long Bright Future: Happiness, Health, and Financial Security in an Age of Increased Longevity.

Eric Clarke: 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. Eric 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 wealthtech 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 wealthtech 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's CEO of the Year for 2022, ThinkAdvisor's IA25 multiple times, received a Luminaries award in 2022 and an InvestmentNews' Icon & Innovators Award in 2019, and lead the Orion team to four Wealthies Awards in 2023.

Ted Mathas: 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. Mr. Mathas teaches a class at the University of Virginia School of Law on Leadership, Decision-making and Culture.

Ross Stevens: Ross Stevens is the Founder and CEO of Stone Ridge Holdings Group. Mr. Stevens 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). His 2019 gift to Wharton launched its FinTech-focused Stevens Center for Innovation in Finance, and his 2023 gift to Booth's PhD program, renamed the Stevens Doctoral Program, supports Booth's commitment to excellence in doctoral education.

About Stone Ridge Asset Management:

Stone Ridge Asset Management, a subsidiary of Stone Ridge Holdings Group, has raised over $40 billion specializing in catastrophe reinsurance, cyber reinsurance, market insurance, longevity risk pooling, real estate, energy, alternative lending, drug royalties, and art. Powered by expertise in sourcing, structuring, and risk management, we empower financial advisors and their clients with innovative sources of return and reliable income streams in easy-to-use '40 Act funds, securitizations, and private vehicles.

About LifeX:

For more information about LifeX, please visit www.lifexfunds.com.

The LifeX Income Fund 1948M and each other series of Stone Ridge Trust with the same investment objective and strategy that is part of the same fund family (the “LifeX Income Open-End Funds”), the LifeX Income Closed-End Fund 1948M and each other closed-end fund with the same investment objective and strategy that is part of the same fund family (the “LifeX Income Closed-End Funds”), the LifeX Inflation-Protected Income Fund 1948M and each other series of Stone Ridge Trust with the same investment objective and strategy that is part of the same fund family (the “LifeX Inflation-Protected Income Open-End Funds” and, together with the LifeX Income Open-End Funds, the “LifeX Open-End Funds”) and the LifeX Inflation-Protected Income Closed-End Fund 1948M and each other closed-end fund with the same investment objective and strategy that is part of the same fund family (the “LifeX Inflation-Protected Income Closed-End Funds” and, together with the LifeX Income Open-End Funds, the LifeX Income Closed-End Funds and the LifeX Inflation-Protected Income Open-End Funds, the “LifeX Funds”) are sold to natural persons of a single gender who were born in a particular calendar year specified in the relevant prospectus. Investors should carefully consider each LifeX Fund’s risks, investment objective and share cancellation policies, as an investment in a LifeX Fund may not be appropriate for all investors and is not designed to be a complete investment program. An investment in a LifeX Fund involves risk. Before making an investment/allocation decision, investors should (i) consider the suitability of this investment with respect to their investment objective and individual situation, including their health, and (ii) consider factors such as their net worth, income, age and risk tolerance. Investment should be avoided where a potential investor/client has very serious or life-threatening health problems. Before investing in a LifeX Fund, an investor should read the discussion of the risks of investing in the fund, which are or will be disclosed in the relevant prospectus.

You should consider the investment objectives, risks and charges and expenses of any registered investment company mentioned herein carefully before investing; the prospectus contains this and other information about the registered investment company. A prospectus for the LifeX Funds may be obtained by calling 855-609-3680. Alternatively, prospectuses may be obtained by clicking the links below: 

LifeX Income Open-End Funds: here.

LifeX Inflation-Protected Income Open-End Funds: here.

Investing in funds involves risks. Principal loss is possible.

The Stone Ridge Funds are distributed by ALPS Distributors, Inc.

The LifeX Funds are not annuities or other types of insurance contracts, and the distributions provided by the LifeX Funds are not guaranteed or otherwise backed by an insurance company or by any third party.

Anticipated launch date: January 2024. The LifeX Funds have not yet commenced operations, and their shares have not previously been offered. Therefore, the LifeX Funds do not have any financial history.

For media inquiries, please contact:

Marc Feuerstein

[email protected]

212-970-8318

¹ LifeX funds are designed to liquidate on December 31 of the year investors turn 100. There can be no assurance that a fund will continue to make distributions until the fund liquidation date. Under certain circumstances, a fund may run out of assets prior to the planned fund liquidation date.

SOURCE Stone Ridge Asset Management