Hedge Fund News: Leon Cooperman, Marc Faber, Stark Investments
Stark Investments will close three of its hedge funds, including its flagship, as its assets under management dwindle.
Wisconsin-based Stark Investments was founded in 1992 by Brian Stark and Mike Roth. Brian Stark specialized in special situations and arbitrage in his early days of investing. He also published a book titled Special Situation Investing, Hedging, Arbitrage and Liquidation. Brian Stark invests in stocks, bonds, commodities, real estate, loans, private equity, and intellectual property. The firm had $1.5 Billion in AUM in 2001 and nearly $14 Billion in 2007. In July 2010 Stark had only $4 Billion in AUM. His fund lost 22% in 2008, gained only 12% in 2009 and hit with redemption requests. Brian Stark holds a BA from Brown University and a JD from Harvard Law School.
