facebook-page-view
Advertisement

Stark Asia Team Talk Buyout

By Finalternatives

  • 30 Oct 2009

The Asia team of hedge fund Stark Investments is leaving the firm to found their own hedge fund, but they don’t want to start from scratch.

\n

Teall Edds and Stuart Wilson, the Hong Kong-based principals of Milwaukee, Wisc.-based Stark, hope to buy Stark’s Asia business. The newly-independent firm would be renamed Orchard Capital. Negoatiations are ongoing, but Bloomberg News reports than an announcement could come as soon as next week.

Advertisement

\n

Should the buyout go through, Orchard would begin life with more than 20 staffers and a pair of offices, one in Hong Kong and another in Singapore, as well as some $1.5 billion in assets under management. It would continue to manage Stark’s two Asia funds, with $500 million in assets, as well as serving as subadvisor for another $1 billion of Stark’s assets. The firm is also mulling new fund launches as early as January.

\n

Advertisement

Share article on

Advertisement
Advertisement