Launches & Closures

Once $14 billion, Stark Investments winds down


The Wisconsin hedge fund firm succumbs to slow slide. Founder Brian Stark to run family office.

A long, slow fight against a steadily eroding asset base is coming to a close for Stark Investments, which is winding down all of its once-$14.45 billion in hedge funds.

The St. Francis, Wisconsin firm, founded by Harvard Law School classmates Mike Roth and Brian Stark in 1992, is in complete liquidation, Roth confirmed to Absolute Return. Though a number of funds remained, Stark had liquidated its two flagship multistrategy funds this past summer.

Included in the mass unwinding are all the assets of Deephaven Capital Management, which Stark acquired in 2009.