Stark’s Multi-Strat Fund Down 11% YTD

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.


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