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