Stark Vets Raise $35M For New Hedge Fund

Feb 20 2013 | 12:34pm ET

Two former Stark Investments executives are readying a new hedge fund for launch.

Michael Keough, a former principal at Stark, which shut down last year, and Jackie Darr, its former operations and human-resources chief, have founded Racon Capital Partners in Milwaukee. The new firm has raised $35 million from its partners and partners' friends, and is preparing both to launch its maiden hedge fund and to begin fundraising among outside investors.

Darr, who serves as chief investment officer of the new venture, told the Milwaukee Business Journal that Racon will begin accepting outside capital on March 1. The fund will have a $1 million minimum investment requirement.

Keough will serve as Racon's managing member; at Stark, he was a senior portfolio manager and oversaw a wide variety of areas, including risk arbitrage, distressed investing, energy, emerging markets, Latin America and fixed-income. He joined Stark in 1996 from Cargill's financial markets division.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.