Thursday, 29 January 2015
Last updated 14 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…