Stark Seeks $300 Million For New Mortgage Fund

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.

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