Why Stone Coast
Our Mission
Our mission, to “take pleasure in work done well, and in working well with others,” is an obligation to our clients, to their investors, to our communities and ultimately to our peers and ourselves. Fund administration, done well, requires carefully selecting smart, dedicated professionals and providing them with the resources, training and workplace culture that will engender their loyalty and bring out their best. To that end, we strive to develop and nurture relationships that are characterized by trust, respect and affection. We look for colleagues – and clients – who will share and reciprocate these values.
Our Business
Our company, and the industry in which we operate, is dynamic and growing. Since our founding in 2006, we have grown steadily, and now administer approximately 342 onshore and offshore hedge funds with about $100 billion in assets arrayed across a full range of investment strategies, from long/short equity to complex, asset-backed and derivative portfolios. We provide our fund clients with accounting, investor services, cash services, financial and regulatory reporting, and compliance support. Our success has been fueled solely by the quality of the services we deliver – quality that’s led to wide recognition as an industry standout. From 2009 through 2017, Stone Coast consistently ranked among the top three administrators overall in Global Custodian Magazine’s annual Hedge Fund Survey, including #1 rankings in 2009, 2014 and 2016. Stone Coast ceased participating after 2017 due to survey changes that we considered to be unduly burdensome and intrusive for managers.
Our Location
Our location is central to our mission. Stone Coast is in the heart of Portland’s Old Port waterfront, a picture-perfect tourist destination that we’re fortunate to call home. Our offices offer beautiful views of Portland Harbor and the islands of Casco Bay. From our front door, we can walk to award-winning restaurants, cafes, museums and shops. Living in Portland and surrounding areas offers excellent schools, minimal commutes and proximity to beaches, mountains and state parks.
In loving Portland, we are in good company. A select sample of recent accolades for Portland includes:
- Happiest Cities in the United States – National Geographic
- Best Places to Live in the US – U.S. News & World Report
- America’s Coolest Small Towns (No. 5) – Jetsetter
- America’s Foodiest Small Town – Bon Appétit
- Best ‘Adventure Town’ in the East – Outside Magazine
- World’s Best City for Craft Beer – Matador Network
Our Culture and Benefits
Maine offers the unbeatable combination of a higher quality of life and lower cost of living than the nearby cities from which many lifestyle refugees might flee. Stone Coast, like Portland, enjoys an informal culture. We place a high value on community service, provide and encourage use of community service days, and regularly organize and participate in charitable events. We offer comprehensive health, disability and life insurance, pre-tax health savings and flexible spending accounts, a 401(k) with a generous employee match and generous parental leave.