UPenn alum Ross Stevens, the CEO of Stone Ridge Asset Management, is accused of breaching the terms of a 2018 exit package struck with one of his co-founders.
A Wall Street hedge fund whose boss recently clawed back a $100 million gift to the University of Pennsylvania over antisemitism is now being sued over allegations the firm refused to pay out millions in bonuses owed to one of its former executives.to anti-Israel protests on campus — is now being sued by Erick Goralski, who formerly served as head of client strategies at Stevens’ fund, Stone Ridge Asset Management.
This case follows Stevens’ public clash with UPenn’s former president Liz Magill, in which he said he wasThere's a chance hackers have stolen your Social Security number: Here's how to protect yourselfNew Starbucks CEO may make $113M working remotely in posh Calif. town — while workers must be at office
Goralski helped Stevens — who after graduating from U. Penn’s prestigious Wharton School briefly worked at Goldman Sachs — set up Stone Ridge in 2012 with a focus on alternative investments such as reinsurance and bitcoin, according to the lawsuit.Stevens had a very public spat with Liz Magill, the former president of his Ivy League alma mater UPenn, in December last year over rampant anti-antisemitism on campus.
Lawyers representing Stone Ridge Asset Management in the case did not respond to The Post’s emails and calls seeking comment. Filings show that lawyers for Stone Ridge handed Goralski a cease and desist letter on July 26 over the LinkedIn posts, claiming they were a breach of the 2018 severance agreement and because “they are specifically referencing his employment and relationship with Stone Ridge and its founder .”
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