Friday, 28 August 2015
Last updated 4 hours ago
Apr 4 2012 | 2:24am ET
Stark Investments has launched a new mortgage hedge fund.
The St. Francis, Minn.-based firm on Monday said it has raised $39.5 million for its new Mortgage Opportunities fund. It is Stark's first new fund of the year.
According to a source close to the firm, Stark expects the fund to garner $100 million by the middle of this month, and hopes to raise between $200 million and $300 million total.
Michael Roth is the lead manager for the fund, according to the Securities and Exchange Commission filing.
Mortgage Opportunities has a minimum investment requirement of $5 million.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…