Stark keeps running

Thu May 1, 2003



The good news for convertible arbitrage managers in March came in the shape of a tightening of credit spreads, which helped lift returns - a trend that continued in the early days of the second quarter with a similar effect.

One of the big gainers was Staro Asset Management's Stark Investment LP, which was up roughly 5.1% in the first quarter. But most of that was attributable to a hefty 4.24% gain in January - the four-year-old fund's best monthly showing since March 2000.

Tightening credit spreads also helped Zazove Convertible Arbitrage, which was up 6.2% for...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI