Knight Capital sells Deephaven to Stark

Fri Jan 30, 2009

Knight Capital has agreed to sell its troubled Deephaven Capital Management unit to Stark Investment, a $10 billion multistrategy firm founded by Brian Stark and Mike Roth.

Stark is buying Deephaven largely for its $1.4 billion Deephaven Global Multi-Strategy Fund. Stark, of St. Francis, Wis., will give investors in the Deephaven multistrat the option of cashing out or moving their interests into Stark Investments, the firm’s flagship multistrategy...

ISSN: 2151-1845 / CDC10004H

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