Monday, 6 July 2015
Last updated 23 min ago
Oct 17 2008 | 12:02pm ET
Stark Investments’ $2.45 billion multi-strategy hedge fund dropped a further 7.51% last month, bringing its year-to-date losses to 11.11%. The fund is on pace for its worst year ever since it debuted in 1999.
The eponymous employs convertible arbitrage, risk arbitrage and event-driven strategies, pairs trading, private placements and capital- structure arbitrage strategies, most of which have been money-losing propositions for hedge funds this year. It also utilizes high-yield arbitrage trading, statistical arbitrage trading and fixed-income arbitrage trading.
The firm declined to comment on its performance.
May 27 2015 | 2:15pm ET
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