Twenty years after growing Stark Investments into one of the
world's largest hedge funds, the company is getting out of the business of
managing other people's money.
The firm, which expanded from a small office in Mequon to a building overlooking Lake
Michigan in St. Francis, at its peak employed some 400 people and
had more than $14 billion in assets under management. But by the end of last year, the recession,
client redemptions and other factors had pushed those numbers down to $2.1
billion and about 50 employees….
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