Stark Investment to close multistrategy hedge funds

Pensions & Investments – Stark Investments is closing its multistrategy hedge funds due to a “meaningful reduction” in assets under management and will concentrate on managing single-strategy hedge funds, according to a Tuesday client letter obtained by Pensions & Investments.

The firm will close the fund’s flagship multistrategy hedge funds, Shepherd Investments International and Shepherd Guardian Fund, as well as Stark Investments LP, Brian J. Stark and Michael A. Roth, managing partners and co-founders of the firm, wrote in the client letter.

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