Hedge Funds Performance Redemptions

Stark drops in May, loses five principals


The Wisconsin hedge fund founded by Brian Stark and Mike Roth has suffered losses in both assets and personnel.

Stark Investments has had a difficult spring. Like most hedge funds, the $4.4 billion Milwaukee, Wis. firm, founded by Brian Stark and Mike Roth in 1992, suffered losses in May in both of its funds, Stark Investments and Shepherd Investments International. On top of May’s losses, five of Stark’s principals left, including the firm’s chief operating officer and president, Colin Lancaster.

“May featured a pretty stunning list of kablooies, fubars, snafus, WTFs and what are euphemistically known as ‘government actions,’” read a June 7 investor letter on the performance of Stark Investments and Shepherd, which fell 4.43% and