Fri, Mar 6, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Stark Investments wind down hedge fund

Monday, April 15, 2013

From Precy Dumlao, Opalesque Asia – Global hedge fund firm Stark Investments is closing down its operations after assets fell by 85% from its peak of $14bn to $2.1bn as at the end of last year.

According to the Journal Sentinel, Stark informed the Securities and Exchange Commission of its plan to close down all the funds it acquired from Deephaven Capital Management in 2009 except the Stark Energy Investors LLC, which it would continue to operate.

"The process of closing, or winding down, the funds could take some time because the funds' holdings are primarily illiquid, hard-to-value securities/assets," Stark was quoted as saying in its SEC filing by the report.

Stark Investments started out as a small business in Mequon and expanded to hiring some 400 people and moved to Lake Michigan in St. Francis. But the 2008 global economic crisis, coupled with redemption requests from clients and other factors saw the fund dwindle to its current size.

The hedge fund already told investors it would wind down its operations to focus on a single strategy.

In June last year, Stark closed down its multi-strategy hedge funds due to a "meaningful reduction" ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SkyBridge opens office in Palm Beach County[more]

    Where better for a southern location than South Florida? SkyBridge Capital, which is headquartered in New York, has opened an office in Palm Beach Gardens. Palm Beach Gardens is a "Signature City" in northern Palm Beach County, with a population of around 49,000.

  2. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  3. Patrick McCormack to shut down hedge fund Tiger Consumer[more]

    Komfie Manalo, Opalesque Asia: Patrick McCormack is shutting down his hedge fund Tiger Consumer Management after 15 years "to spend more time with his family," reported Reuters. Tiger Consumer ended February up 4.6% (+3.9% YTD) and assets roughly $1.4bn, reported

  4. Event-driven strategies lead hedge fund gains in February while CTA rally shows signs of fatigue[more]

    Komfie Manalo, Opalesque Asia: Hedge funds ended February on a good note (+0.8%), confirming the positive momentum witnessed since the start of the year, reported Lyxor Asset Management in its Weekly Briefing. As of the end of February, the Lyxor He

  5. Large hedge funds grow assets almost three times faster than sub $5bn funds[more]

    Komfie Manalo, Opalesque Asia: As institutional investors’ needs continue to evolve, they are increasingly looking to work with larger hedge fund managers and intermediaries who can meet their appetite for comprehensive portfolio solutions, said Barry Bausano, co-head of Global Prime Finance at D