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Stark Opening Asian Arbitrage Fund

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ST. FRANCIS, Wis. (HedgeWorld.com)–Stark Investments is opening an Asian-focused multi-strategy arbitrage fund on Nov. 1.

The Stark Asia Fund will invest primarily in arbitrage, relative value and event-driven strategies in the Asia Pacific, which also will include Japan. The fund initially will have a capital target of US$250 million.

According to an announcement from the firm, its founding partners Brian Stark and Mike Roth have been investing in Asia since 1988. The firm already offers exposure to Asia via the firm’s global funds, Stark Investments LP, Shepherd Investments International Ltd. and its dedicated Japanese arbitrage fund, Stark Japan. Stark Investments LP recently was moved over to the multi-strategy sub category of the CSFB/Tremont* Hedge Fund Index .

Mr. Roth in a statement said, “There are relatively few arbitrage players in the region and a number of our investors are looking to diversify their Asian long/short equity exposure.”

He added that the firm is seeing a number of opportunities in the Asia Pacific region in the strategies it employs. Stark manages US$2.6 billion in domestic and offshore offerings.

*Tremont Capital Management Inc., Rye, N.Y., is a strategic partner of and a minority investor in HedgeWorld.

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