Stark Investments is considering launching a global multi-strategy arbitrage fund next month in an effort to reach smaller institutional clients, including foundations and endowments. The Milwaukee-based firm, which manages some USD1.6 billion in assets split between high-net-worth and institutional clients, initially would seek to raise USD25 million in its first opening of the fund, which is set to be launched May 1, said Chris Greer, managing director of sales and marketing. The fund would use strategies including convertible and risk arb.
The firm should come closer to deciding whether there is enough outside interest in the product from institutions, he said, adding that several of its smaller clients already have expressed a desire to access a product similar to the Stark Investments LP multi-arbitrage fund. Only the firm's larger clients have had access to that fund, he noted.
